leading financial institution Citigroup, one of the most important stock indices in the USA and the world S&P 500updated its year-end forecast for
in the American economy “soft landing” Analysts, taking into account the strengthening of the scenario, revised their year-end forecast for the index upwards. While Citigroup expected the S&P 500 to finish the year at 4,400 points in its previous report, it increased this figure to 5,000 in the light of recent developments.
If the analysts’ forecast is successful, the index will gain 9% by the end of the year.
S&P 500 index.The bank, which has an astronomical asset of $ 1.9 trillion, postponed the possibility of recession in the USA until the first half of 2024.
The Chance of Recession Is Shelved!
The US National Association for Business Economics (NABE) recently shared a survey on expectations. Consulting economists about the possibility of recession in the country, the institution revealed that the future projection of the participants has improved.
70% of economists participating in the NABE survey stated that the probability of a recession in the USA within 1 year is more than 50%.
Speaking to the press recently, Minneapolis Fed Chairman Neel Kashkari evaluated the possibility of a hard brake on the economy as low. The FED official emphasized that they will follow the data for the interest rate decision in September.
