In early September 2026, President Trump publicly demanded the Federal Reserve cut interest rates, linking it to trade policies and citing a strong jobs report as justification. Contrary to his expectations, the Fed raised rates 12 days later, citing solid economic activity and persistent inflation above target. The strong August jobs report showed a notable increase in employment, but the Fed prioritized inflation control over Trump's calls for cheaper borrowing costs. This episode highlighted the tension between presidential economic priorities and the Fed's independent mandate.
Regarding President Trump's call for the Federal Reserve to cut rates, here is Pluang's snapshot of the Financials sector as of Oct 07, 2026 21:02 WIB: Out of 85 priced US Financial stocks, 7 rose and 78 fell. Notable movers include AVAT at USD 1.78 down 13.59%, FUTU at USD 107.33 down 5.19%, and DB at USD 33.35 down 5.07%.
BNP Paribas lowered Hormel Foods' price target from $26 to $23, indicating a potential 16.2% upside from its current price of around $19.80. Despite a 50.5% decline in its share price over five years, Hormel Foods remains attractive for dividend inve...
Barclays initiated coverage of Becton, Dickinson and Company (BDX) with an "Underweight" rating, indicating a cautious outlook for the medical technology stock. BDX is partnering with the U.S. government to boost domestic manufacturing and strengthen...
Morgan Stanley increased its price target for Eli Lilly to $1,430 from $1,419, maintaining an Overweight rating. This new target implies a potential upside of about 20.8% from the current share price of around $1,184. The adjustment reflects updated ...
Arthur J. Gallagher expects about 6% organic growth in Q3, driven by strong client retention and new business despite easing property insurance pricing. Cantor Fitzgerald lowered its price target to $280, below the $288 average from 19 analysts who m...
Needham raised Zscaler's price target to $255, citing strong demand for AI-related cybersecurity solutions. Zscaler aims to exceed $8 billion in annual recurring revenue by fiscal 2031, driven by increasing needs to protect against AI-powered cyberat...
