San Francisco Fed President Daly: Inflation has spread to services, rate hikes may be needed

San Francisco Fed President Mary Daly stated that inflation pressure in the US has moved beyond energy and goods prices and spread to the services sector. Daly indicated that if this pressure continues, additional interest rate hikes could be on the agenda. Daly's assessment reveals that inflation is not limited to certain items but has also permeated service prices. This situation points to the need to maintain a cautious stance in monetary policy. However, Daly emphasized that there should be no rush to raise rates. This statement can be interpreted as policymakers preferring to adopt a data-driven and gradual approach in the fight against inflation. The Fed official's remarks show that uncertainty regarding the course of inflation and the interest rate path persists. Stickiness in services inflation stands out as a factor that should be closely monitored for the direction of monetary policy. Not investment advice.

📊 SPX — Piyasa Yorumu

▼ down · 55%

Daly's hawkish-toned remarks could revive expectations of a rate hike and create short-term pressure on the index. However, with RSI at 52.7, it is in neutral territory, and the price is trading above the SMA20/SMA50; MACD is slightly below its signal, and momentum is weak. Therefore, the impact may be limited and volatile; a moderate pullback is more likely than a sharp sell-off. Support should be monitored around 7590, with resistance at 7620-7650.

RSI 14

52.7

MACD

22.78

24h Δ

0.67%

📊 DXY — Piyasa Yorumu

▲ up · 60%

Daly's hawkish-toned statement strengthens rate hike expectations and could create upward pressure on DXY. Although RSI has approached the overbought zone at 65, it has not yet given a weakening signal. MACD is slightly below the signal line and momentum is in the neutral-positive zone. Price is trading above SMA20 and SMA50, confirming that the short-term trend is upward. Limited upward movement is possible in the 1-3 day horizon, but gains may remain limited due to the RSI threshold.

RSI 14

65.2

MACD

0.08

24h Δ

0.25%

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