Ingram Micro (INGM) Stock Is Up, What You Need To Know

Shares of IT distribution giant Ingram Micro (NYSE:INGM) jumped 2.7% in the afternoon session after comments from a key Federal Reserve official hinted at a potential interest rate cut in December. John Williams, president of the Federal Reserve Bank of New York, signaled he was open to lowering the fed funds rate—the key interest rate that banks charge each other for overnight loans—to support the job market. Speaking at an event, Williams stated that he sees “room for a further adjustment” for