Market data backs a Spirit stock price forecast of gradual gains through fiscal year-end. Traders targeting the $18.80 level cite both improving technical setups and better-than-expected advance booking figures as support. The Personal Consumption Expenditures (PCE) price index, the central bank's preferred gauge of inflation, showed a slight year-over-year increase in August but did not surprise economists. This report was met with relief on Wall Street, as it suggests inflationary pressures remain contained, giving the Federal Reserve more leeway to continue its monetary easing policy. Investors interpreted the news as a positive sign that the Fed can support the economy without risking runaway inflation. The positive sentiment helped the major indices claw back some of the losses from a recent three-day slide, with stocks rising across various sectors. All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Spirit stock price forecast data suggests modest growth aligned with broader airline sector recovery. With oil prices stabilizing and FAA operational metrics in favor, Spirit could outperform peers if cost-per-available-seat-mile stays below forecasted levels.
