High Rates to Stay? Secure Your Portfolio With These ETFs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 27 2024
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Source: NASDAQ.COM
- Federal Reserve Governor's Expectations: Michelle Bowman, a Federal Reserve Governor, predicts that interest rates will remain unchanged until 2024, with no rate cuts expected.
- Hawkish Stance: Bowman, known as one of the more hawkish American central bankers, remains open to raising rates due to persistent unfavorable inflation data.
- Investor Expectations: Despite Bowman's stance, investors anticipate two rate cuts by the end of the year, with a 56.3% likelihood of a rate cut in September according to the CME FedWatch Tool.
- Inflation and Interest Rates: While recent signs show a slight easing in inflation, policymakers are still uncertain about its stability, leading to caution in adjusting interest rates.
- Investment Recommendations: Given the uncertainty around interest rates, investors are advised to consider value stocks and consumer staples as potential investment options to hedge against interest rate increases.
Analyst Views on IYK
Wall Street analysts forecast IYK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IYK 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: 69.840
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Current: 69.840
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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.
