The CPI fell to 6% annually, in line with expectations and encouraged investors about a moderation in the pace of rates.
Wall Street is operating on the rise this Tuesday, March 14, after the mixed close on Monday and after knowing the US inflation data. The CPI fell to 6% annually, in line with expectations and encouraged investors about a moderation in the pace of rates.
In this way, the Nasdaq Composite leads the increases by 2% to 11,403.36 points. It is followed by the S&P500 by 1.6% to 11,403.36 and the Dow Jones by 1% to 32,168.10 points.
Neal KeaneHead of Commercial Sales at the international brokerage ADSS, believes that the latest inflation data “will offer little to convince the Fed to stop raising interest rates in the near term”, and forecasts that “rates are likely to rise despite the collapses of SVB and Signature”.
For their part, the Oxford Economics analysts say that these figures do not change their forecast of a 25 bp increase in interest rates at the Fed meeting next week, given that “although tension has skyrocketed in the banking system, the Federal Reserve is still very focused on controlling inflation.
For their part, analysts Goldman Sachs expect the Fed to “pause” and not raise ratessince the central bank will take into account that further interest rate increases “may be counterproductive to its efforts to prop up the financial system.”
“While we agree that more adjustments to address inflation are likely to be needed if financial stability concerns abate, we think Fed officials are likely to prioritize financial stability for now,” they say from the american bank
Source: Ambito
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