Powell's hawkish message in Jackson Hole cools demand 📌
US indices react with declines to Powell's decisive short speech in Jackson Hole:
- Fed won't make a mistake and allow itself to pause too soon in the monetary tightening cycle
- Rising inflation expectations negatively impact
- Fed tightening Powell open to 75bp hike depending on overall labor market data from July
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The US500 chart, D1 interval. The downward reaction of the US500 index indicates that the summer optimism was a relief rally rather than a change in the downward trend. The 200-session moving average is now a strong resistance for the demand side, from which the bulls have bounced. At the same time, it is worth watching the further reactions of the indices because the period immediately after Powell's statements was characterized by frenzied volatility. Source: xStation5
The US500 chart, D1 interval. The downward reaction of the US500 index indicates that the summer optimism was a relief rally rather than a change in the downward trend. The 200-session moving average is now a strong resistance for the demand side, from which the bulls have bounced. At the same time, it is worth watching the further reactions of the indices because the period immediately after Powell's statements was characterized by frenzied volatility. Source: xStation5This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
