Fed Member Miran: War Has Not Changed Mid‑Term Inflation Outlook

The headline indicates that the Fed has not altered its view on mid‑term inflation expectations, which could be interpreted as a sign that the central bank will maintain its current aggressive tightening policy. Technically, the DXY is trading in an oversold region (RSI 21.3) and below both the 20‑ and 50‑day moving averages. While the news appears to provide structural support for the dollar, the oversold conditions increase the likelihood of a short‑term technical rebound or consolidation. Consequently, it is difficult to pinpoint a clear direction; the market seems poised to balance technical levels against policy expectations.

Fed member Miran’s statement emphasizes that the war has not altered medium‑term inflation expectations, reinforcing the view that inflation will remain high. A high‑inflation environment can boost demand for protective assets such as gold. GLD’s technical indicators support a short‑term bullish trend, with the 20‑day simple moving average (SMA) above the 50‑day SMA and the MACD positioned above its signal line. However, the relative strength index (RSI) is above 70, placing GLD in an overbought region and suggesting a potential short‑term correction. Overall, GLD is likely to experience a modest upward move in the near term, but a sharp rally is not anticipated.