The euro tipped as the big winner in all the Fed independence drama
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Trump's Pressure on the Fed: President Trump is pushing for lower interest rates from the Federal Reserve, which may lead to inflation without a corresponding boost in GDP, as historical evidence suggests that political pressure on the Fed can result in negative economic outcomes.
Impact on Global Currency: If Trump were to replace Fed Chairman Powell with a loyalist, it could undermine confidence in the US dollar, potentially benefiting the euro due to the European Central Bank's independence compared to the Fed.
Analyst Views on TBT
Wall Street analysts forecast TBT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TBT 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: 34.590
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Current: 34.590
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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.
