Time for Global Equities ETFs?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 20 2024
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Source: NASDAQ.COM
Federal Reserve Interest Rate Cut: On September 18, 2024, the Federal Reserve cut its benchmark interest rate by 50 basis points to a range of 4.75%-5% in response to cooling inflation and labor market slowdown, joining other global central banks that have also reduced rates.
Impact on Markets and ETFs: The rate cut is expected to stimulate economic activity and affect asset prices worldwide, benefiting commodities like gold and oil, while making emerging markets more attractive due to potentially weaker U.S. dollar conditions; several global equity ETFs have already seen gains following this announcement.
Analyst Views on GLD
Wall Street analysts forecast GLD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GLD 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: 443.600
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Current: 443.600
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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.
