Cleveland Fed President believes interest rates should remain unchanged in the near future.
Interest Rate Outlook: Cleveland Fed President Elizabeth Hammack believes there is no need for interest rate changes in the near future, focusing more on persistent inflation rather than potential labor market softening.
Inflation Concerns: Hammack highlighted that recent inflation data may be misleading due to distortions from a government shutdown, suggesting actual inflation could be higher than reported.
Neutral Rate Perspective: She views the neutral interest rate as higher than commonly assumed, indicating that current policy may still be supportive of economic growth.
Market Reactions: Wall Street is experiencing a downturn, with concerns that potential future Fed leadership may favor aggressive rate cuts, which could exacerbate inflation and impact Treasury yields.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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