_wall-street-strategists-raise-sampp-500-price-targets-amid-positive-inflation-numbers-here39s-why-the-fed39s-one-cut-fo.jpg "Wall Street Strategists Raise S&P 500 Price Targets Amid Positive Inflation Numbers. Here's Why the Fed's One Cut Forecast May Alredy Be Outdated from padhudev hits Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:41
👁 View: 23.5M times
✓ Published: 18-Jun-2024
👁 View: 23.5M times
✓ Published: 18-Jun-2024
Description:
The latest inflation data is providing a boost to the current stock market rally, with the S&P 500 and Nasdaq hitting four straight record closes last week. Wall Street strategists are raising their year-end price targets for the S&P 500. The May Consumer Price Index and Producer Price Index showed significant progress towards the Fed's inflation goal. Economists believe this indicates a positive reading of the Fed's preferred inflation gauge. The Fed's latest Summary of Economic Projections showed a median forecast of just one rate cut in 2024. Still, strategists believe this may already be stale given the positive inflation data released after the Fed's meeting.
The latest inflation data is providing a boost to the current stock market rally, with the S&P 500 and Nasdaq hitting four straight record closes last week. Wall Street strategists are raising their year-end price targets for the S&P 500. The May Consumer Price Index and Producer Price Index showed significant progress towards the Fed's inflation goal. Economists believe this indicates a positive reading of the Fed's preferred inflation gauge. The Fed's latest Summary of Economic Projections showed a median forecast of just one rate cut in 2024. Still, strategists believe this may already be stale given the positive inflation data released after the Fed's meeting.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_prabhu-deva-melody-hits-90s-tamil-love-songsmelody-lofisongs-sonicsongscrolltune54.webp "Sonic Song Scroll Tune")
⏲ 1 hour 10 minutes 46 seconds 👁 637
_kadhalan-movie-songs-124-kadhalikum-pennin-full-video-song-4k-124-prabhu-deva-124-nagma-124-spb-124-ar-rahman.webp "AP International")
⏲ 4 minutes 53 seconds 👁 6.9M
_switzerland-hit-by-floods-as-residents-and-tourists-on-high-alert.webp "Rainfall in the Swiss canton of Valais have caused severe flooding, isolating Zermatt and prompting evacuations as authorities raise alert levels.")
_kaadhal-neethaana-hd-video-song-124-time-songs-124-4k-official-hd-video-songs-124-ilayaraja-prabhudeva.webp "JD Music")
⏲ 4 minutes 52 seconds 👁 240.2K
_driving-tests-hit-record-levels.webp "The number of driving tests being taken has reached record levels following efforts to reduce a backlog created during the coronavirus pandemic, figures show.Some 1.9 million practical tests were taken in the year to the end of March, according to Department for Transport (DfT) figures.")
_hithalaka-karibyada-maava-124-malu-nipanal-singer-124-shruthi-prahlada-124-v-harikrishna124-yogaraj-bhat124-kd.webp "Anand Audio")
Hithalaka Karibyada Maava | Malu Nipanal Singer | Shruthi Prahlada | V.Harikrishna| Yogaraj Bhat| KD
⏲ 3 minutes 51 seconds 👁 27M
_39-39-39.webp "asianetnews")
⏲ 2 minutes 25 seconds 👁 67.9K
_washingtonians-seek-relief-from-the-heat-as-the-temperature-hits-100f.webp "As a blistering heat wave gripped the Eastern United States on Saturday (June 22), Washington D.C. residents and visitors did their best to stay cool as temperatures topped 100 degrees Fahrenheit (37.7 Celsius). <br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline<br/>")
_prabhu-deva-melody-hits-90s-tamil-love-songsmelody-lofisongs-sonicsongscrolltune54.jpg)
_kadhalan-movie-songs-124-kadhalikum-pennin-full-video-song-4k-124-prabhu-deva-124-nagma-124-spb-124-ar-rahman.jpg)
_switzerland-hit-by-floods-as-residents-and-tourists-on-high-alert.jpg)
_kaadhal-neethaana-hd-video-song-124-time-songs-124-4k-official-hd-video-songs-124-ilayaraja-prabhudeva.jpg)
_driving-tests-hit-record-levels.jpg)
_hithalaka-karibyada-maava-124-malu-nipanal-singer-124-shruthi-prahlada-124-v-harikrishna124-yogaraj-bhat124-kd.jpg)
_39-39-39.jpg)
_washingtonians-seek-relief-from-the-heat-as-the-temperature-hits-100f.jpg)
![[+]](/images/menu.gif){kind=small}