Bets on 50 bps Fed rate cut in September bounce back strongly By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Source: Investing.com
Interest Rate Cut Probability: The likelihood of a 50 basis point interest rate cut by the U.S. Federal Reserve in September has increased significantly to 44%, while the probability for a smaller 25 bps cut has decreased to 56%.
Expert Opinions: Analysts, including former Fed officials, suggest that a pre-emptive 50 bps cut may be warranted given current economic conditions, with some advocating for this move before rates reach their ultimate target.
Analyst Views on SPY
Wall Street analysts forecast SPY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 688.980
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Current: 688.980
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
