This afternoon, two pieces of information were released that are having a direct impact on the markets. On the one hand, inflation in the United States for December was lower than the previous month.
YoY Inflation rose to 6.5% as estimated and below the 7.1% in November, which continues to confirm the slowdown in the rise in prices. Some experts even point to a definitive goodbye to peak inflation. The Federal Reserve’s decision will be key for its next interest rate meeting on February 1.
On the other hand, the data on applications for unemployment benefits in the United States was released, which remained no major changes last week with its values close to historic lows, as reported today by the Bureau of Labor Statistics of the Department of Labor.
In the week ending January 7, nearly 205,000 people applied for new unemployment benefits after being laid off, which meant a drop of 1,000 orders compared to the previous week.
Reports from the main banks are expected on Friday, such as Bank of America, JPMorgan Chase and Citigroup.
After knowing these data, analysts consider that the Federal Reserve will almost certainly only raise interest rates by a quarter point at its next meeting and will stop raising them before they exceed 5%, according to quotes in rate markets after a government report showed on Thursday that consumer prices fell last month.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
