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Boral Limited, a multinational company founded in Australia, focused on building and construction materials, thinks the financial markets are making too much out of any Fed rate hike. According to their CEO, Mike Kane, Points out that “consumer confidence is rising, unemployment is low, and the nation’s new housing stock is 40 per cent below its long-term average.” The company doesn’t believe the Feds could increase rates enough to have a substantial impact on the market, and is confident enough that it’s looking to put $800 million to work in acquisitions.
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