Fed Headquarters Renovation Triggers Investigation, Powell Faces Legal Challenges
- Legal Investigation Initiated: The U.S. Attorney's Office has launched a comprehensive investigation into Fed Chair Powell to assess whether he misled Congress regarding renovation details, highlighting significant concerns about the Fed's transparency.
- Budget Overrun Issues: The renovation costs for two historic buildings at the Fed's headquarters have surged from $1.9 billion in 2023 to $2.5 billion, reflecting ongoing increases in construction costs that could impact future fiscal decisions.
- Escalating Political Pressure: President Trump has expressed dissatisfaction with Powell's management and demanded his resignation, intensifying the pressure on the Fed and potentially affecting its independence in monetary policy.
- Criminal Charge Risks: Powell stated that the DOJ has issued grand jury subpoenas to the Fed, indicating he faces potential criminal charges, which could have profound implications for his future policy decisions.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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