Trump tells Fed to lower interest rates
President Donald Trump said the U.S. Federal Reserve should lower interest rates and take other unconventional measures to ease pressure on an economy that he said they slowed down.
“I think they should drop rates,” Trump told reporters. “I think they really slowed us down. There’s no inflation.”
Trump also suggested that the central bank pursue a monetary policy called “quantitative easing” that was used to help the economy after the global financial crisis. The technique used from 2008 to 2014 involved buying trillions of government-sponsored bonds.
IAT's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for IAT turned positive on October 10, 2024. Looking at past instances where IAT's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 09, 2024. You may want to consider a long position or call options on IAT as a result. In of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
IAT moved above its 50-day moving average on October 04, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IAT advanced for three days, in of 305 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 238 cases where IAT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where IAT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
IAT broke above its upper Bollinger Band on October 11, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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