Fed Rate Cut May Drive Investors Away From Money Markets, Says Portfolio Manager
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Interest Rate Cuts Impact: The Federal Reserve's recent 0.5% interest rate cut is expected to shift investor focus from money market funds to longer duration bonds, as yields decrease and capital appreciation opportunities arise.
Market Trends: Money market fund assets have decreased significantly, with a notable drop of $20.02 billion, indicating that investors may be reallocating their assets in response to changing yield dynamics and economic outlook.
Analyst Views on NEAR
Wall Street analysts forecast NEAR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NEAR 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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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.
