Home Depot and Lowe's are already seeing the first of many likely benefits from the Fed's rate cut

Home Depot and Lowe's are already seeing the first of many likely benefits from the Fed's rate cut

Fred Prouser/Reuters

The US Federal Reserve's decision Wednesday to cut rates by half a percentage point has created a flurry of immediate reactions, but the real effects of the policy are likely to take several months to bear out.

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