off-the-wire

Brokerages lift S&P 500 target on hopes for soft landing, rate cuts

Kitco Media
By Reuters
Published:
Updated:
Reuters
Brokerages lift S&P 500 target on hopes for soft landing, rate cuts teaser image

July 15 (Reuters) - Brokerages have raised their year-end targets for U.S. stocks benchmark S&P 500 (.SPX), opens new tab, spurred by expectations of a "soft landing" for the economy and growing odds the Federal Reserve will cut interest rates this year.

Following are forecasts from some major banks on economic growth, inflation, and how they expect certain asset classes to perform:
Forecasts for stocks, currencies and bonds:

U.S. INFLATION

U.S. consumer prices fell for the first time in four years in June amid cheaper gasoline and moderating rents, firmly putting disinflation back on track and drawing the Federal Reserve another step closer to cutting interest rates in September.

Compiled by the Broker Research team in Bengaluru; Edited by Sriraj Kalluvila, Anil D'Silva, Janane Venkatraman and Saumyadeb Chakrabarty

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