July Inflation Brings A Mixed Bag As Tariff Impact Remains Muted
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Inflation Data Overview: July's inflation data showed a mixed picture; while the Consumer Price Index (CPI) rose 2.7% year-over-year, core inflation unexpectedly increased to 3.1%, indicating potential price pressures despite overall cooling in headline growth.
Market Reactions and Rate Expectations: Despite rising core inflation, traders are still anticipating rate cuts from the Federal Reserve, with high probabilities for cuts in September and October, leading to gains in major stock indices like Nasdaq and S&P 500 futures.
Analyst Views on VOO
Wall Street analysts forecast VOO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VOO 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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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.
