Fed's Waller: High inflation could bring rate hike back on the table

Federal Reserve Board Governor Christopher Waller stated that if the core inflation data to be released this week comes in above expectations, additional tightening steps in monetary policy could be considered. Waller emphasized that any actions taken would be entirely dependent on incoming economic data. Waller's comments revived expectations of a rate hike in the markets. The Fed official signaled that more aggressive steps could be taken if necessary to bring inflation under control. Analysts note that Waller's remarks indicate the Fed maintains its hawkish stance. Particularly, a high core inflation reading could cause volatility in the markets. As investors closely monitor the inflation data to be released this week, Waller's message strengthened the probability of a rate hike. Economists believe the data will be decisive for the Fed's decisions at its next meeting. This is not investment advice.

📊 DXY — Piyasa Yorumu

▲ up · 65%

Fed Governor Waller's mention of a possible rate hike could provide short-term support for the DXY. Technical indicators align with this view: the RSI at 67 maintains upward momentum, while the MACD remains positive above its signal line. The price is trading above the 20- and 50-day moving averages, indicating a continued uptrend. However, the RSI approaching overbought territory introduces some risk of profit-taking in the near term. Therefore, the bullish outlook is assessed with moderate confidence.

RSI 14

67.3

MACD

0.08

24h Δ

0.35%

📊 SPX — Piyasa Yorumu

▼ down · 60%

Fed Governor Waller's mention of a potential rate hike could increase tightening concerns in the markets. Although the RSI on the SPX is at 45, indicating a neutral zone, the MACD is below the signal line and approaching negative territory. The price closed below the 20-day moving average (7544), signaling short-term weakness. Selling pressure may emerge due to the news, but the 50-day moving average (7514) could provide nearby support. Therefore, a short-term downward move is possible, but the decline may be limited.

RSI 14

45.0

MACD

3.66

24h Δ

0.56%

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