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There seems to be some upward movement on behalf of US stock markets since the start of the week, yet the bullish tendencies for the time being seem to be unconvincing. In today’s report, we are to have a look at the Fed’s stance as included in its latest interest rate decision and Fed Chairman Powell’s testimony before the US Congress, while we are also to have a look at US financial releases that could move equity markets and on a deeper fundamental level, the ceasefire in the Israel-Iran conflict. The report is to be concluded with a technical analysis of S&P 500’s daily chart.    Fed’s wait-and-see stance The Fed decided to remain on hold in its interest rate decision last week as was expected. Yet the release revealed a deeper hesitation on behalf of the bank to proceed with further easing of its monetary policy. The bank mentioned the solid pace of economic activity expansion, the tightness of the US employment market and that inflation remains somewhat elevated in its accompanying statement. All the comments tend to point towards a delay in any further easing of the bank’s monetary policy yet in the bank’s projections, the new dot plot implies that Fed policymakers’ expectations are for two more rate cuts until the end of the year which seems to be in line with the market’s expectations. In his testimony before the US Congress, Fed Chairman Powell stuck to the script which amplified in our opinion the bank’s hesitation. On the flip side, we have to note that US President Trump and Republicans seem to be adding pressure on the bank to proceed with more easing of its monetary policy. Also at this point, it should be noted that within the Fed the wait-and-see stance may not be as…

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Filed under: News - @ June 25, 2025 6:23 pm