Market News:
Ben Waller, one of the final candidates for the next Federal Reserve Chair and current Governor, said on Wednesday that the current job market is "very weak" and job growth is "not optimistic," therefore the Fed still has room to cut interest rates. He supports further rate cuts to restore the central bank's interest rate setting to a neutral level, while stating that policymakers do not need to rush into doing so.
Speaking at the Yale University CEO Summit, Waller noted that the Fed's current interest rate is 50 to 100 basis points higher than the neutral rate, but he emphasized that "aggressive action is not needed" and that rate cuts can continue "at a moderate pace."
Waller stated that "the job market indicates the Fed should continue cutting rates," while also assuring that "we are not seeing a cliff-like drop in the job market."
Technical Analysis:
Today's Buy/Sell Threshold:
155.30
Support and Resistance:
156.52
156.06
155.77
154.83
154.54
154.08
Trading Strategy:
If the price breaks above 155.77, consider buying, with a first target price of 156.06.
If the price breaks below 155.30, consider selling, with a first target price of 154.83.
Ben Waller, one of the final candidates for the next Federal Reserve Chair and current Governor, said on Wednesday that the current job market is "very weak" and job growth is "not optimistic," therefore the Fed still has room to cut interest rates. He supports further rate cuts to restore the central bank's interest rate setting to a neutral level, while stating that policymakers do not need to rush into doing so.
Speaking at the Yale University CEO Summit, Waller noted that the Fed's current interest rate is 50 to 100 basis points higher than the neutral rate, but he emphasized that "aggressive action is not needed" and that rate cuts can continue "at a moderate pace."
Waller stated that "the job market indicates the Fed should continue cutting rates," while also assuring that "we are not seeing a cliff-like drop in the job market."
Technical Analysis:
Today's Buy/Sell Threshold:
155.30
Support and Resistance:
156.52
156.06
155.77
154.83
154.54
154.08
Trading Strategy:
If the price breaks above 155.77, consider buying, with a first target price of 156.06.
If the price breaks below 155.30, consider selling, with a first target price of 154.83.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.