Fed's Goolsbee: Latest Inflation Data Disappoints

Chicago Fed President Austan Goolsbee stated that the latest inflation data was disappointing. According to a Reuters report, Goolsbee noted that while the downward trend in inflation should continue, the latest reading did not meet expectations. Goolsbee emphasized that the Fed should maintain a cautious stance on interest rate policy. He said further progress is needed for inflation to reach its target, adding that data will guide the Fed's decisions. Markets interpreted Goolsbee's remarks as signals regarding the Fed's interest rate cutting cycle. However, Goolsbee implied that rate cuts would not be on the table unless inflation sustainably declines. Analysts note that Goolsbee's comments indicate the Fed is maintaining its hawkish stance. Inflation data in the coming months is expected to play a critical role in determining the Fed's policy roadmap. This is not investment advice.

📊 GOOGL — Piyasa Yorumu

▼ down · 65%

GOOGL shares fell 2.3% in the last close, trading at $387.44. The RSI is in weak territory at 42, while the MACD is below the signal line and in negative territory, indicating weak short-term momentum. Disappointing inflation news from the Fed may reduce expectations for interest rate cuts, putting pressure on growth stocks. The price is trading below both the 20-day ($392.26) and 50-day ($391.45) moving averages, weakening the technical outlook. Selling pressure is likely to continue in the short term, but since the stock has not yet entered oversold territory, the decline may be limited.

RSI 14

42.1

MACD

-1.87

24h Δ

-2.29%

📊 SPX — Piyasa Yorumu

▼ down · 60%

Disappointing inflation comments from a Fed official could weaken rate cut expectations and negatively impact risk appetite in the short term. Technically, although the RSI is in neutral territory at 58.6, the MACD falling below the signal line indicates a loss of momentum. While the price is trying to hold just above the 20-day SMA, the risk of slipping below the 7400 level may increase with this news. Although a bearish trend prevails in the short term, the market's reaction may remain limited.

RSI 14

58.7

MACD

11.86

24h Δ

0.90%

📊 NDX — Piyasa Yorumu

▼ down · 60%

Statements from the Fed and the latest disappointing inflation data could create uncertainty in the markets. The RSI14 indicator is at 57 and still in an upward trend, but there is a negative divergence between the MACD and MACD signal lines. This could signal a short-term decline. The SMA20 and SMA50 indicators are also still in an upward trend, but the price remaining below these indicators could lead to selling pressure.

RSI 14

57.1

MACD

89.06

24h Δ

1.86%

Canlı Grafikler