NYSE:RHIProfessional Services
Robert Half (RHI): Assessing Valuation Following Fed Rate Cut Optimism and a 5% Stock Jump
If you are watching Robert Half (RHI) after this week’s jump, you are not alone. Shares surged more than 5% after Federal Reserve Chair Jerome Powell hinted at the possibility of interest rate cuts, a signal that usually gets business services firms on investors’ radar. Lower borrowing costs tend to spur activity in staffing and consulting, opening the door for companies like Robert Half to see increased demand from clients who might have been sitting on the sidelines.
This move comes at an...