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They predict that by mid-year, the indicator will have increased to 6200 points from the prior predicted 5600 points.
Experts feel that the strong growth in corporate earnings, the falling inflation, the Federal Reserve's decision to decrease interest rates, and the increase in investment in artificial intelligence have created a good backdrop for the U.S. stock market.
"We think the economy is still in a strong position even though economic growth indicators have decreased." According to the study, "strong labor market dynamics should continue to support further growth in consumer spending."
Most experts from other banks and investment businesses, including those at UBS, anticipate that the Fed will begin reducing interest rates in September.
source: marketwatch.com
Experts feel that the strong growth in corporate earnings, the falling inflation, the Federal Reserve's decision to decrease interest rates, and the increase in investment in artificial intelligence have created a good backdrop for the U.S. stock market.
"We think the economy is still in a strong position even though economic growth indicators have decreased." According to the study, "strong labor market dynamics should continue to support further growth in consumer spending."
Most experts from other banks and investment businesses, including those at UBS, anticipate that the Fed will begin reducing interest rates in September.
source: marketwatch.com
