Fed's Powell says economy strong, but dot plot shows big jump in growth pessimism
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Federal Reserve's Economic Outlook: Jerome Powell indicated that the impact of tariffs on inflation would be temporary and described the economy as strong, despite a revision in GDP growth expectations showing increased downside risks among Fed participants.
Market Reaction: The dovish stance of the Fed contributed to a slight recovery in Wall Street's S&P 500 index, which ended a four-week losing streak amidst signs of moderating consumer spending and ongoing inflation concerns.
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.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 68.020
Low
Averages
High
Current: 68.020
Low
Averages
High
No data
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.
