Wall Street tempers enthusiasm and expectantly awaits the Fed’s decision

Wall Street tempers enthusiasm and expectantly awaits the Fed’s decision

For its part, the Nasdaq composite index, in which the main technology companies are listed, added 0.27%, or 29.94 points, to 11,286.75.

In this way, the main indices operate without major changes pending the Fed’s decision, which will be announced in the next few hours.

Yesterday, investors were encouraged after learning about the decrease in the interannual rate of inflation in the US, which was 7.1% in November, compared to 7.3% estimated by analysts. A piece of information that investors hope will serve for the central bank to lift its foot off the accelerator.

The inflation data offers arguments for the Fed to relax interest rate hikes – its tool to fight inflation – and to announce today a 0.5% rise, compared to the 0.75% it has repeatedly raised since March .

Currently, interest rates are between 3.75% and 4%. By sectors, the biggest gains were for energy (0.83%), public services (0.57%), while the biggest losses were for the communications sector (-0.13).

Among the thirty large corporations in the Dow Jones, the rises of Microsoft (0.94%) and Caterpillar (0.81%) stood out, while the biggest losses went to Goldman Sachs (-0.34%) and Walgreens Boots Alliance (-0.34%). -0.29%)

Source: Ambito

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