SPx / US Investors Eye Fed as Larger Rate Cut LoomsUS Equity Investors Focus on Monetary Policy as Larger Rate Cut Becomes Likely Scenario
This week, U.S. equity investors will closely monitor the Federal Reserve's commentary and interest rate forecasts, with a 50 basis-point cut now emerging as the most probable policy move.
According to the FedWatch Tool, the probability of a 50 basis-point cut on September 18 has surged to 59% as of early Monday, up from 30% a week ago, following the inflation data released on September 11 and 12. The remaining 41% likelihood now points to a 25 basis-point cut, down from 70% the previous week.
S&P 500 Technical Analysis:
As long as the price trades under 5643 will drop to get 5584, Otherwise should break 5643 by closifn 4h candle above it to get 5675 and more,
Key Levels:
Pivot Line: 5616
Resistance Levels: 5643, 5675, 5709
Support Levels: 5600, 5584, 5525
Trend:
- Consolidation 5643 - 5584
- Upward above 5643
- Downward below 5628