$Amazon.com(AMZN)$ A gloomy macro scenario is, by far, the most negative influence on Amazon’s stock price right now. Rampant inflation recently led the Fed to raise interest rates by 50 bps — the steepest move since 2000 — and more hikes are coming. When interest rates are raised, companies’ cost of borrowing increases, as do equity market investors' opportunity costs. In a higher interest rate environment, growth stocks like Amazon begin to look far less attractive.
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