Trump Pressures Fed After Solid Jobs, Cooling Inflation: 'Lower Its Rate!' (CORRECTED)
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Trump's Economic Optimism: Donald Trump celebrated recent economic data indicating falling consumer prices and strong job growth, urging the Federal Reserve to lower interest rates while criticizing Fed Chair Jerome Powell's performance.
Positive Labor Market Indicators: The Bureau of Labor Statistics reported an increase in nonfarm payrolls by 177,000 in April, exceeding expectations, alongside a slowdown in inflation rates, suggesting a resilient U.S. economy despite external challenges.
Analyst Views on USO
Wall Street analysts forecast USO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USO 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: 71.820
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Current: 71.820
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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.
