Fed Raises Policy Rate by 25 Basis Points

The Fed's 25 basis point rate hike, while in line with market expectations, may keep tightening concerns alive and suppress risk appetite. The S&P 500 has fallen 0.57% in the last 24 hours to 7619, attempting to hold just above its 20-day SMA (7608). The RSI is at 51, in neutral territory, and the MACD is below its signal line in negative territory, indicating weak short-term momentum. A potential rise in bond yields after the rate hike could put additional pressure on equity valuations. However, since the decision was already priced in, a limited and volatile downward trend is expected rather than a sharp decline.

The Fed's 25 basis point rate hike, while in line with market expectations, may suppress risk appetite in the short term. The NDX declined 0.59% in the last 24 hours, closing at 29,205 and trading below its 50-day moving average (29,280). The RSI is at 52.9, in neutral territory, but the MACD is negative and below its signal line, confirming weak momentum. After the rate hike, profit-taking in tech stocks may occur, with 29,100 (SMA20) seen as initial support. However, since the decision was priced in, the decline may be limited; therefore, the confidence level is kept at medium.

The Fed's 25 basis point rate hike is a slightly positive signal for the DXY. However, the market may have largely priced in this move; the price is already trading above the SMA20 and SMA50, and the RSI at 54.8 is not in overbought territory. The MACD line is very close to the signal line and slightly negative, indicating weak momentum. In the short term, a moderate upward movement in the dollar index can be expected, but the 100 level may act as resistance. If profit-taking occurs after the news, the upside may be limited.

The Fed's 25 basis point rate hike is generally a negative factor for gold prices, as higher interest rates raise bond yields and reduce gold's appeal. However, the latest close was at 4333.815, with a 24-hour change of +1.18%, which may indicate that the market anticipated or priced in the rate hike. The RSI is at 51.6, in neutral territory, and the MACD is below the signal line, indicating weak momentum. In the short term (1-3 days), downward pressure may emerge, but the decline is likely to be limited. Nevertheless, the impact of the news may be limited because the market may have already priced in the rate hike.