Federal Reserve's Rate Cuts: The Fed Governor Stephen Miran indicated that the cooling impact of deregulation on inflation is a key reason for the Fed to consider cutting rates, suggesting that deregulation can enhance potential output and reduce price pressures.
Deregulation's Economic Effects: Miran emphasized that the primary effects of deregulation are felt on the supply side of the economy, allowing for flexibility in scaling output based on demand, which in turn diminishes inflationary pressures.
Trump Administration's Deregulation Push: Miran supported the Trump administration's deregulation efforts, claiming that such policies could lower inflation significantly, potentially by as much as 50 basis points per year through 2030.
Market Reactions: Following these statements, U.S. equities experienced declines, with major ETFs tracking the S&P 500 and other indices showing notable drops, reflecting bearish sentiment among retail investors.
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.
0 Analyst Rating
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.
0 Buy
0 Hold
0 Sell
Current: 688.980
Low
Averages
High
Current: 688.980
Low
Averages
High
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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.
