From StockStory:

Wayfair stock fell 6% in response to uncertainty about 2024 rate cuts revealed in the Fed’s December meeting minutes. The Fed hinted at more accommodating interest rates last month, but today’s minutes showed a less smooth path forward, causing market volatility. Wayfair’s shares are volatile but today’s move is not expected to fundamentally alter the market’s perception of the business. Wayfair stock is currently trading 35.6% below its 52-week high from August 2023. Shareholders from 5 years ago would currently see a 35% decrease in their investment.



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