Fed's Kashkari: Small Steps Should Be Taken If Inflation Remains High

The Fed's concerns over inflation and its decision to act with possible small steps could cause uncertainty in the markets. GOOGL shares have risen over 7% in the last 24 hours, so a correction may occur. As the RSI14 approaches 71, the shares are entering overbought territory. However, since the MACD and MACD signal lines are still trending upward, a recovery could follow a short-term decline.

The headline indicates that a Federal Reserve official stated that if inflation remains high, the central bank should proceed with caution and take small steps. This could be interpreted as a signal toward tighter monetary policy, but it does not include a clear commitment to an interest rate hike. On the technical indicators, the RSI is around 50, the MACD is in negative territory but approaching the signal line, and the price is above the SMA20 but below the SMA50. These mixed signals increase the likelihood of a sideways movement in the short term. The DXY is expected to fluctuate within the 100.15-100.55 range.

Kashkari's statements that the Fed should move in small steps if inflation remains high suggest the possibility of a hawkish stance. However, since these remarks do not create expectations of an abrupt change in the current policy stance, their impact on the market may be limited. On the technical indicators, the RSI at 55.9 is in neutral territory, and the MACD is positive but below the signal line, providing no clear directional signal in the short term. The price is above the SMA20 and SMA50, which supports the medium-term outlook, but a strong catalyst is needed for the upward movement to accelerate. Therefore, a sideways trend can be expected in the short term.

The headline indicates that a Federal Reserve official stated that if inflation remains elevated, the central bank should proceed with caution and take small steps. This could be perceived as a signal toward monetary policy tightening, but it does not include a clear commitment to an interest rate hike. In technical indicators, the RSI is at 56, in neutral territory, while the MACD is positive but the signal line is negative. The price is above the SMA20 and near the SMA50. These mixed signals point to short-term directional uncertainty. As the market awaits clearer guidance on the Fed's next moves, prices are likely to fluctuate within the current range.