WGMI, FNGS, TSLY, SFYF and FBCG are part of the Zacks top Analyst Blog.
Growth stocks have been affected following the U.S. central bank's recent policy announcement on Thursday. Despite holding interest rates steady, the Federal Reserve has signaled two rate cuts of 25 basis points each in 2024, a decrease from earlier predictions. By the end of 2025, Federal fund rates are projected to hit 3.9%, marking a 50 basis points rise over past estimates, as part of the Fed's ongoing strategy to curb inflation.
Recently, Zacks.com users have been paying close attention to SoFi Technologies, Inc. (SOFI). This makes it worthwhile to examine what the stock has in store.