Fed's Logan: Two More Rate Hikes May Be Coming

Fed member Logan's signal of two more rate hikes could suppress risk appetite and create short-term downward pressure on technology stocks. GOOGL is currently below its SMA20 (287.69) and in a neutral-to-weak zone with an RSI of 46; MACD is trading below its signal line, indicating weak momentum. However, the price is holding above the SMA50 (285.23), which may limit a sharp decline. The impact of the news largely depends on perceptions of rate expectations; if the hawkish tone persists, support around 285 could be tested. Still, a single statement alone will not reverse the trend, and I foresee a cautious downward bias.

Fed member Logan's signal of two additional rate hikes points to a hawkish monetary policy stance and could weigh on risk appetite. The SPX was slightly negative at the last close, with RSI at 45.9 in neutral-to-weak territory and MACD negative below its signal line. Price is above SMA20 but below SMA50, meaning short-term momentum is weak. The news increases downside risk for the rate-sensitive index, but current indicators are not in oversold territory, so a sharp decline expectation would be exaggerated. I foresee moderate downward pressure in the short term.

Fed member Logan's signal of two additional rate hikes can be read as a hawkish tone for the DXY and may support the dollar in the short term. However, RSI14 is at 74, in overbought territory, and the price is above SMA20/SMA50, indicating that the upward move may remain limited. MACD is positive and above its signal line, so momentum is still bullish. The news may already be priced in; therefore, although the direction is upward, I keep confidence at a moderate level. A limited rise toward the 102.5-103 band over 1-3 days, followed by profit-taking, is possible.

Fed member Logan's signal of two additional rate hikes could suppress risk appetite and create short-term downward pressure on the NDX. However, the index has risen 1.5% in the last 24 hours and the RSI is at 45.6, in neutral territory; there is no excessive buying or selling pressure. Although the MACD is in negative territory, it is above the signal line, meaning momentum, though weak, is tending toward recovery. The price is just above the SMA20 but below the SMA50; this indecisive picture may limit a sharp reaction to the news. The hawkish-toned message could bring selling in the short term, but the confidence level is medium due to the possibility that the reaction remains limited.