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Federal Reserves Logan: Short-term political factors are not taken into account when setting interest rates.The Federal Reserve accepted a total of $1.447 billion from five counterparties in its fixed-rate reverse repurchase operations.According to CNBC, Alphabet raised $11 billion in a European bond offering, bringing its total global debt offerings to over $30 billion.On February 11th, Federal Reserve official Logan stated on Tuesday that she is "cautiously optimistic" that the Feds current policy rate level can push inflation back to the 2% target while maintaining a stable job market. Economic data in the coming months will test this assessment. Logan stated, "If this happens, it would indicate that our current policy stance is appropriate and that we dont need to cut rates further to achieve our dual mandate." However, she added that if inflation falls while the labor market cools significantly, "further rate cuts might become appropriate. Right now, however, Im more concerned that inflation remains stubbornly high." She noted that after three rate cuts last year, downside risks to the labor market "appear to have eased significantly," but this has also introduced additional risks to inflation. She pointed out that with short-term borrowing costs already in what is widely considered a "neutral" policy range, current interest rates have limited restraining effect on the already strongly rebounding economy and inflation that has consistently exceeded the Feds target for nearly five years. Logan expects inflation to make progress this year, with some initial signs of improvement already observed.Federal Reserves Logan: A central clearing mechanism should be provided for the Feds standing repurchase facility.

S&P 500 Weekly Price Forecast – Stock Market Stall After Momentum Runs Out

Alice Wang

Nov 21, 2022 15:09


Weekly Technical Analysis for the S&P 500

Since the S&P 500 has been fluctuating a lot this week, I believe that this candlestick is quite informative. After all, the previous week had witnessed a significant increase due to the lower-than-expected CPI statistics. But there was no action taken in response. The weekly candlestick reversed direction exactly at the 50-Week EMA. In the end, we are still constructing a descending triangle, so it will be fascinating to see how it develops.


Hopes that the Federal Reserve may back down on tightening and perhaps even start considering turning have contributed significantly to the recent rise. Quite honestly, James Bullard has said it more than once, but the word that keeps coming to mind for me is "higher for longer." This indicates that even if the market succeeds in convincing the Federal Reserve to stop rising rates, those rates will likely remain high for a considerable amount of time.


Of course, the other option is that we surpass the trend line I've drawn on the weekly chart, in which case it's possible that we'll reach the 4250 level. In the end, it appears that purchasers are having less and less of an impact on the market, and with all the potential downside that's coming, I believe it's quite likely that it's simpler to short this market, even though sometimes it seems like things are a little rough around the edges. The US currency and interest rate markets should be closely monitored because there is a negative association between them.

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