Support for Jerome Powell: Central bankers worldwide expressed solidarity with Jerome Powell, the Chair of the Federal Reserve, following a criminal investigation launched by the U.S. Department of Justice into the Federal Reserve.
Key Figures in Support: Notable central bankers, including Christine Lagarde (European Central Bank President), Andrew Bailey (Bank of England Governor), and Erik Thedéen (Governor of Sweden's Riksbank), issued a joint statement supporting Powell.
Ongoing Developments: The situation is evolving, with updates available directly on Stocktwits, indicating that the investigation may have significant implications for the Federal Reserve.
Related News: The article also references a report on Rick Rieder of BlackRock regarding the Fed Chair position, highlighting the broader context of leadership and market predictions.
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.
