) raised its 2023-end and mid-2024 S&P 500 targets to 4,600 and 5,000, respectively, to reflect a higher possibility of a soft landing.
Chicago Fed President Austan Goolsbee said the central bank was"walking the line pretty well" on bringing inflation down without causing a recession and will watch the data to judge if more monetary tightening may be appropriate in September. Shares of financial services provider SoFi Technologies rose after reporting better-than-expected quarterly revenue.
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