Wall Street stocks rose after a key inflation reading showed consumer prices rose less than expected in March.
The actions of Wall Street They rise this Wednesday, April 12, after a key inflation reading showed that consumer prices rose less than expected in March.
In this context, the markets in New York operate with a positive trend and its main index, the Dow Jones Industrials, gains 0.29% to settle at 33,860.63 points. Meanwhile, the S&P500 registers an advance of 0.21% and the technological Nasdaq does so by 0.1%.
Consumer prices in the United States increased 0.1% monthly in March, just below the economists’ forecast of 0.2%, so that the annual inflation data would be located at 5%. The closely watched core CPI figure, which excludes food and energy, rose 0.4%, hitting the median estimate of 0.4%.
The report could affect the Fed’s rate decision in May. It can also build the case for stopping the central bank’s rate-hike regime.
commented that the Fed would have to see a slowdown in core CPI to accept that monetary policy has tightened sufficiently. Lacking that evidence today, we expect to see another 25 basis point hike in May before the Fed pauses, he added.
The minutes of the Federal Reserve’s March policy meeting are also due to be released on Wednesday and are scheduled to offer further clues into the mindset behind the central bank’s 25 basis point hike.
Source: Ambito
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