Fed Member Waller: Customs Tariffs, Energy Prices, and AI Investments Put Upward Pressure on Demand Inflation

GOOGL shares are trading just below their 20-day moving average (355.86), with an RSI of 46.5 indicating weak momentum in neutral territory. The MACD line remains below the signal line, confirming a short-term bearish trend. The macroeconomic uncertainty created by the news, combined with weakness in technical indicators, increases the likelihood of the stock testing the $355 support level.

The news includes a Fed member's warnings about inflation pressures, which could weaken expectations for interest rate cuts and reduce overall market risk appetite. However, NVDA's technical indicators are relatively positive in the short term: the RSI at 60.8 is not in overbought territory, the MACD is above zero, and the price is above both the 20-day and 50-day moving averages. The 4.2% rise in the last 24 hours may reflect positive sentiment toward AI investments. The contradiction between the Fed's tightening signal and technical recovery creates short-term directional uncertainty. Therefore, a neutral stance appears more appropriate than a clear directional forecast.

Comments from a Fed official, signaling that inflationary pressures may persist, could limit overall market risk appetite. However, in the case of AMD, the mention of AI investments contributing to demand inflation may be perceived as a supportive factor for the company's medium-term growth story. Technically, the RSI at 57.5 is in neutral territory, while the MACD maintains a positive trajectory above its signal line. In the short term, the price staying above the 20-day moving average (548.5) is positive, but a stronger catalyst is needed to break the 560 resistance. Therefore, the news is unlikely to provide a clear directional bias, and the market is expected to focus on the Fed's next steps.

Comments from a Fed official regarding inflation pressures have dampened expectations for interest rate cuts, potentially weighing on growth-oriented stocks. TSM shares have already declined 4.7% in the last 24 hours, and while the RSI at 32.5 approaches oversold territory, the MACD remaining below its signal line in negative territory indicates weak short-term momentum. The price trading below both the 20-day and 50-day moving averages confirms a bearish technical outlook. Macroeconomic concerns stemming from the news could intensify selling pressure on stocks sensitive to AI investments, such as TSM. However, the oversold condition and the possibility of a short-term bounce keep my bearish expectation limited with moderate conviction.