(Tiper Stock Exchange) – Wall Street moves higher after that another report signaling that inflation may be slowing. As regards the quarterlybefore the opening of the market have released some data large retail giants. Walmart it improved its full-year guidance and approved a new $20 billion share repurchase authorization. Home Depot reiterated its outlook for the fiscal year after another quarter above market expectations.
Other important ones sector company – how Targets, Lowe’s, Macy’s, Kohl’s And Foot Locker – will release data later in the week.
On macroeconomic frontdata arrived below expectations come on US producer prices in October 2022, which showed a moderation compared to the previous month. This strengthens the argument that the Federal Reserve could slow the pace of rate hikes of interest.
The Vice President of the FED Lael Brainard hinted on Monday that the central bank will likely slow its interest rate hikes soon, echoing the governor’s weekend comments Christopher Waller.
Today Patrick Harkerpresident of the Federal Reserve Bank of Philadelphia, said he expects, “at some point next year,” that the Fed will maintain a restrictive rate for some time, in order to let monetary policy do its job. “After that, if necessary, we can always tighten further,” she added.
The president of the Federal Reserve Bank of Atlanta, Raphael BosticInstead, he said that while there have been some recent positive signs that inflation may be slowing, even more work is needed by policy makers to bring interest rates to a restrictive level.
The Dow Jones shows growth of 0.39% to 33,669 points; instead, it rose by 1.23% to 4,005 points aS&P-500; markedly increasing the NASDAQ 100 (+2.14%).
Between macroeconomic variables of greatest weight in the North American markets:
Tuesday 11/15/2022
2.30pm USA: Production prices, monthly (0.4% expected; previous 0.2%)
2.30pm USA: Production prices, annual (expected 8.3%; previous 8.4%)
Wednesday 11/16/2022
2.30pm USA: Import prices, monthly (previously -1.2%)
2.30pm USA: Retail sales, yearly (previously 8.23%)
2.30pm USA: Retail sales, monthly (expected 1%; previous 0%).