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Goldman Sachs Raises S&P 500 Target Amid Dovish Fed Outlook
Goldman Sachs Raises S&P 500 Target Amid Dovish Fed Outlook
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BTCCSquare news:
Goldman Sachs has revised its year-end target for the S&P 500 upward to 6,800, reflecting growing Optimism in equity markets. The adjustment follows the Federal Reserve's shift toward accommodative monetary policy, with analysts anticipating further rate cuts this year.
Corporate earnings resilience and reduced recession fears have fueled the bank's bullish stance. Goldman now projects 5% and 8% returns over six and twelve months respectively, potentially pushing the index to 7,200 by mid-2025. This marks a significant reversal from earlier concerns about trade war impacts.
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