Jefferies Maintains Expectations of Two Fed Rate Cuts

Jefferies' continued expectation of two Fed rate cuts signals a positive outlook for growth‑oriented stocks. GOOGL's recent closing price remains above its 20‑ and 50‑day moving averages, and its MACD is above the signal line, indicating short‑term bullish momentum. With an RSI around 54, it is not in overbought territory, suggesting further upside potential. A price rise in the 340‑345 range is expected within 1‑3 days. However, market volatility and other macro factors could pose risks.

Jefferies’ decision to uphold expectations of two Federal Reserve rate cuts may create short‑term downward pressure on the U.S. dollar. The DXY index rose 0.18 % over the past 24 hours, and the 20‑period simple moving average (SMA20) remains above the 50‑period SMA (SMA50), supporting the current uptrend. With an RSI of 61.6 and a slightly positive MACD, the currency is not in an overbought zone. Consequently, a modest decline in the near term is likely, although technical indicators still favor an upward trajectory. Market participants may adjust positions closely monitoring Fed decisions.

Jefferies’ expectation of two Fed rate cuts signals a short‑term weakening of the USD. The USD’s RSI of 73.7 indicates it is in an overbought region, potentially increasing downward pressure. While the MACD and its signal line show a modest upward trend, the price remains above the 20‑ and 50‑day moving averages, providing short‑term support. Overall, the USD/TRY pair is expected to trend slightly lower over the next 1–3 days, though technical indicators may constrain this move. Consequently, the direction is considered “down,” but the certainty remains moderate.

Jefferies’ continued expectation of two Fed rate cuts sends a positive signal to the banking sector. JPM’s price is currently below its 20‑ and 50‑day moving averages, and its RSI hovers around 45, creating a short‑term uncertain environment. While technical indicators show some downward pressure, the anticipation of rate cuts could buoy investor sentiment. Analysts project a modest rebound in price over the next 1–3 days, though no significant move is expected. Overall, the bias is slightly bullish, with medium reliability.