Markets Anticipate 67% Probability of December Fed Rate Cut Following Collins' Cautionary Remarks
Traders Expect Rate Cut: Market odds indicate a strong expectation for a 25-basis-point interest rate cut by the Federal Reserve in December, with probabilities showing a 67% chance of a cut and only 32% for no change.
Fed Officials Divided: Federal Reserve officials express caution regarding a potential rate cut, with some, like Boston Fed President Susan Collins, emphasizing the need for more data before making a decision, highlighting a split within the committee.
Market Reactions to Data: The shift in market expectations follows a volatile week influenced by updated inflation readings and comments from Fed officials, suggesting that upcoming labor and inflation data will significantly impact future decisions.
Low Odds for Larger Cuts: The likelihood of a larger 50-basis-point cut remains low at about 2%, with near-zero expectations for any rate increase, indicating a cautious approach from both traders and Fed officials.
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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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