Fed Raises 2026 PCE Expectation to 3.6%

The Fed's upward revision of its 2026 PCE forecast to 3.6% suggests inflation may be more persistent than previously expected. This could weaken rate cut expectations and negatively impact risk appetite. GOOGL stock is technically trading below its 20-day moving average, with an RSI of 45 in weak territory. The MACD remains below the signal line, indicating that short-term pressure may continue. However, as the stock is trading near its 50-day moving average, it may find some support at this level.

The Fed's upward revision of its 2026 PCE forecast to 3.6% could amplify inflation concerns and suppress risk appetite. The SPX closed below the 20-day SMA (7524), and while the RSI at 35.8 approaches oversold territory, momentum remains weak. The MACD is below the signal line and issuing a bearish crossover signal, confirming short-term downward pressure. The 50-day SMA (7429) may be tested as a critical support level. Selling pressure is expected to persist in the near term.

The Fed's upward revision of its 2026 PCE forecast to 3.6% indicates that inflation is more persistent than expected. This could weaken rate cut expectations and negatively impact risk appetite. NDX is trading below its 20-day SMA (30,212), with RSI at 40 showing weak momentum. The MACD remains below the signal line, suggesting that the bearish trend may continue in the short term. However, the possibility of finding support near the 50-day SMA (29,563) could limit the downside.

Despite the DXY being in overbought territory with an RSI of 78.6, the Fed's upward revision of its 2026 PCE expectation to 3.6% could amplify inflation concerns and support the dollar. The MACD line remains above the signal line and in positive territory, preserving short-term upward momentum. The price is trading above both the 20-day and 50-day moving averages, indicating a strong trend. However, overbought conditions and a 0.84% gain over the past 24 hours introduce the risk of a short-term pullback. Overall, the news and technical indicators point to a near-term upward bias.