The market discounts a change in the monetary policy of the Federal Reserve during its meeting next month. But the latest inflation and unemployment data can delay that decision again.
The wholesale inflation in the United States was 0.9% monthly in July. To find a higher rise, it is necessary They had projected an increase of 0.2%, after a June without price variations. In parallel, it was known that unemployment subsidies behaved better than expected.
Those novelties stopped enthusiasm in the North American marketwhich, prior to the data, gave a new cut of rates by the Federal Reserve (Fed).
At the year -on -year, the Producer Price Index (IPP) showed A 3.3% increaseagainst an estimate of 2.5%, and a June data that had been 2.6%. The highest level since March 2023. Measuring only the nucleus inflationthat increase was even greater: jumped at 3.7%against 2.6% of the previous month and a projection of 2.9%.
For their part, the Latest unemployment subsidy dataone of the most widespread thermometers to know the state of health of the North American labor market. The new requests were 224,000about 1,000 below the anticipated and below 227,000 of the previous week.
Similarly, The renovations of those subsidies They reached 1,953,000 people, some 7,000 people less estimated and a reduction of 14,000 against the previous week. That data is an indirect indicator of the level of employmentsince if there is an increase in hiring, The level of renovations tends to fall.
News in development.
Source: Ambito
