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On September 22, Federal Reserve Chairman Mohamed Mussaleem stated on Monday that the Fed may need to further raise interest rates to curb inflation due to strong demand and the impact of commodity prices extending beyond the oil sector. He emphasized that the Fed should act sooner rather than later. Mussaleem stated, “Persistent demand and recurring supply pressures continue to exacerbate inflation risks. I believe that without further policy measures to curb inflation, it is likely that in 18 months, inflation will be significantly higher than our 2% target, rather than reaching it. I believe policy must impose meaningful constraints on inflation. This would allow the Fed to achieve its inflation target in about a year and a half, thus allowing time for tightening to have an impact on the economy.” He added, “Earlier, gradual tightening is more appropriate and less shocking to the economy than later, larger, and potentially more abrupt policy moves.” Mussaleem pointed out that inflation “is not a risk; it already exists,” and even after excluding the effects of oil and other supply-related factors, the underlying inflation rate could still be several percentage points higher than the Fed’s target and is “heading in the wrong direction.”As of the 2:30 closing bell, the main Shanghai gold futures contract fell 0.39%, the main Shanghai silver futures contract fell 0.70%, and the main SC crude oil futures contract fell 2.26%.Federal Reserves Mussalim: Business contacts indicated they plan to raise prices to "close to 3%".Federal Reserve Chairman Mossallem: Rate hikes are best done "earlier and gradually," rather than "delayed and drastic."Federal Reserves Mussalim: The labor market remains stable near full employment and is not a source of inflationary pressures.

S&P 500 Price Forecast – Stock Markets Continue to Struggle

Alice Wang

Jul 15, 2022 15:54

Technical Analysis of the S&P 500

Due to the ongoing pessimism, the S&P 500 has decreased somewhat during Thursday's trading session. At this time, it seems as if the market is prepared to go further, maybe attempting to approach the most recent lows at the 3637 level. In the end, this market should continue to see a lot of agitated behavior. I believe that fading rallies will remain a significant problem. The 50 Day EMA is now hanging in the general vicinity of the 3950 level, which serves as the ceiling at this time.


Ultimately, your indication to become engaged will be when you start to feel exhausted after brief rallies. Given the lack of global growth and the fact that inflation is still a problem, I do believe the downward trend will continue. Additionally, the Federal Reserve is rapidly tightening monetary policy, and as a result, a 100 basis point interest rate rise is being predicted. Due to the fact that the S&P 500 contains so many significant exporters, it is extremely probable that we will continue to see significant problems with the global economy.


In the end, a running season is approaching, so there could be some "hopium" waiting to happen, but after hearing J.P. Morgan declare, "We have never seen an economic scenario like this," during its results presentation, I don't think this earnings season will be cause for celebration. After a rally, I will suppress any indications of tiredness.

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