Fed takeaways: Powell minimizes survey data, brings back 'dreaded' transitory word
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Federal Reserve's Stance on Inflation: Fed Chair Jerome Powell indicated that the inflationary effects of tariffs are likely to be "transitory," while emphasizing that hard economic data remains solid despite concerns from softer data like consumer confidence surveys.
Market Reaction and Economic Projections: Powell's comments were perceived as dovish, contributing to a slight recovery in the S&P 500 index, even as the Fed's updated projections showed lower GDP expectations and increased core PCE inflation forecasts.
Analyst Views on SDS
Wall Street analysts forecast SDS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SDS 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: 68.020
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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.
