Fed's Waller Open to Holding Rates Steady This Month if Inflation Cools

The Federal Reserve official's openness to keeping interest rates unchanged could be perceived by the market as a dovish signal, potentially supporting overall risk appetite. However, GOOGL shares have slightly declined over the past 24 hours, with the RSI at 64 approaching overbought territory. Although the MACD remains in negative territory, it is above the signal line, indicating weak short-term momentum. The price is trading above the SMA20 and SMA50, confirming a medium-term upward trend. As the news flow does not provide a direct catalyst for the stock, the current technical outlook and macro uncertainties do not offer a clear directional signal.

The news indicates that the Fed is open to keeping interest rates steady if inflation cools, which could put pressure on the dollar. The DXY is in oversold territory with an RSI of 19 and has fallen 0.5% in 24 hours, showing weak momentum. The MACD is in negative territory and below the signal line, confirming a short-term downtrend. The price is below the SMA20 and SMA50, indicating a weak technical outlook. However, oversold conditions and the Fed's cautious stance increase the likelihood of a limited pullback rather than a sharp decline.

A Federal Reserve official's statement that they are open to keeping interest rates unchanged if inflation cools could weaken market expectations for rate cuts and potentially limit risk appetite in the short term. However, the index's 24-hour change is nearly flat, and the RSI sits in a neutral-to-positive zone at 62, offering no strong directional signal. The MACD is in negative territory but above its signal line, suggesting a slight improvement in momentum. Price is above the SMA20 and just below the SMA50, indicating a squeeze between short-term support and medium-term resistance. Therefore, rather than expecting a sharp decline or rally driven by the news, the index is more likely to fluctuate around current levels.

The news indicates that the Fed has not completely ruled out a rate cut, but it remains dependent on inflation data, creating uncertainty for the market. Technical indicators are mixed: RSI is in neutral territory, MACD is negative but approaching the signal line, and the price is above the SMA20 but around the SMA50. In the short term, a sideways movement can be expected, but inflation data or hawkish comments from Fed members could increase volatility. Therefore, as there is no clear directional signal, it seems appropriate to remain neutral.