Reuters Poll: Fed to Deliver Another Rate Hike in December

The RSI sits near the overbought zone at 69.6, and the 24‑hour change of –1.97% signals a weak trend. Although the MACD is above the signal line, momentum is weakening. In the short term, a downward pressure is expected within 1–3 days, but confidence is moderate as the news is largely priced in. Remaining above the SMA20 and SMA50 could limit a sharp decline.

Expectations that the Fed will deliver an additional rate hike in December could create short-term pressure on growth stocks; high-valuation technology shares such as GOOGL are sensitive to rate increases. Technical indicators are mixed: RSI is neutral around 50, MACD is slightly above its signal line (positive), and the price is trading above the SMA20 and SMA50. The 1.2% decline over the past 24 hours already reflects some caution. The news alone is not a strong selling trigger; however, macro rate expectations may limit risk appetite. Therefore, for the 1-3 day outlook, I anticipate a slightly downward bias with low confidence.

A survey report indicating that the Fed will implement an additional rate hike in December could suppress risk appetite and create a short-term downward effect on the index. The price is currently above the SMA20 (7456) but below the SMA50 (7554), and the 24-hour change of -2% presents a weak outlook. MACD is in negative territory and below the signal line; momentum is weak, but RSI at 54 is far from oversold, meaning there is additional room for decline. Nevertheless, the narrowing MACD-signal gap and the price holding above the SMA20 increase the likelihood of a limited and choppy pullback rather than a sharp sell-off. Therefore, although I see the direction as downward, I maintain medium confidence.

The news reinforces expectations that the Fed will deliver an additional rate hike in December, which is a supportive factor for DXY in the near term. Among technical indicators, RSI stands at 65 and the price is trading above SMA20 and SMA50, indicating positive momentum. However, MACD remains in negative territory and below its signal line, suggesting the upward move has not yet been confirmed. Since the 24-hour change is limited (0.13%), I believe the market may not have fully priced in the news. Therefore, I assess the direction as upward but keep confidence at a moderate level.