Evercore: Inflation and Bond Yields More Important Than Employment for the Fed

The headline emphasizes that the Fed will focus on inflation and bond yields in determining its policy direction; this contains no new information for the market and confirms current expectations. On technical indicators, the RSI is at 46.5, in neutral territory, the MACD is negative but close to its signal line, and the price is balanced around the SMA20 and SMA50. No clear directional signal has formed in the short term, so the market is likely to remain sideways. However, the emphasis on inflation and bond yields reminds us that a potential surprise in these data could move the market. Therefore, I remain neutral on the direction forecast, with a medium level of confidence.

The headline emphasizes that the Fed will focus on inflation and bond yields in determining its policy direction, which does not provide a clear directional signal for the market. Technical indicators are mixed: RSI is neutral at 53, MACD is below the signal line but positive, and the price is just below the SMA20 and above the SMA50. In the short term, a sideways movement can be expected, but inflation data or sudden moves in bond yields could determine the direction. Therefore, caution is advised, as the current price level is within a critical support/resistance range. The market may tend to consolidate while awaiting clearer signals regarding the Fed's priorities.