Investors scrutinize the minutes of the latest US Federal Reserve meeting, which showed most officials were hawking on interest rates.
The stock markets globally they register a decline this Thursday, August 17, while investors analyze the minutes of the last meeting of the Federal Reserve of USAwhich showed that most officials maintained a hard line stance about the interest rates.
All the main indices of Wall Street They operate in negative territory. The Industrial Average Dow Jones back off 0.2%to 34,710.86 units, while the S&P 500 low 0.1%to 4,401.19 units. He Nasdaq Composite it falls 0.4%, to 13,425.64 units.
Context and expectations
Cisco Systems advance a 4.6% after the fourth quarter results The network equipment maker beat estimates and its chief executive spoke of the opportunities of artificial intelligence.
Wall Street fell last WednesdaySince the minutes they fed the fears that the Central Bank tightens even more the monetary politicsafter the latest data on the retail sales and the Industrial production highlighted the resilience of the US economy.
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The proceedings of the meeting of July 25 and 26 showed that most Fed policymakers continued to prioritize fighting inflation, while few participants mentioned the risks to the economy if rates rose too much.
To underline the labor market strength and reduce hopes of a pause in the monetary tighteninginitial weekly jobless claims fell to 239,000 in the prior week, versus expectations of 240,000.
According to fedwatch tool of CME Groupthe operators bets by a Fed rate hike pause in September they fell to 86.5%, from 89% a week earlier.
Walmart rises 0.6% after the retail giant raised its full-year forecasts and beat second-quarter sales estimates, suggesting that US consumer demand remains strong.
The walmart results They come after Target and Home Depot posted higher-than-expected profits this week, marking an upbeat second quarter for major US retailers.
Source: Ambito
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