Oil prices edge lower after Fed rattles markets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 19 2024
0mins
Should l Buy DJIA?
Source: MarketWatch
Oil Futures Decline: Oil futures fell on Thursday as the market reacted to the Federal Reserve's indication of a slower pace in interest rate cuts for the upcoming year.
Fed's Rate Cut Announcement: The Fed announced a 25 basis point cut but projected only two additional cuts in 2025, while also forecasting persistent inflation.
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Analyst Views on DJIA
Wall Street analysts forecast DJIA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DJIA 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: 22.490
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Current: 22.490
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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.
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