November Fed Rate Cut In Jeopardy: 12 Reasons Veteran Trader Expects A Hold As Strong Data, Rising Oil Prices Shuffle The Deck
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 07 2024
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Source: Benzinga
Market Expectations Shift: Strong U.S. economic data and rising oil prices are leading traders to reconsider their expectations for the Federal Reserve's November meeting, with a growing likelihood of a smaller 25-basis-point rate cut instead of an aggressive 50-basis-point cut.
Concerns Over Inflation: Geopolitical tensions and economic indicators suggest inflationary pressures are increasing, prompting analysts to argue against further aggressive rate cuts and advocating for a more cautious approach from the Fed.
Analyst Views on UTEN
Wall Street analysts forecast UTEN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UTEN 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: 43.903
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Current: 43.903
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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.
