(Finance) – An upward start for the Wall Street stock market after the lower-than-expected data on American inflation.
In May, prices rose 3.3% on a year-on-year basis, but remained unchanged on a monthly basis, versus estimates for a 0.1% increase. Investors’ attention now shifts to the Fed which will announce its decision on interest rates this evening.
For the market it is a given that rates will remain stable, but indications in this sense could come from the subsequent press conference of the president of the Fed, Jerome Powell, to understand the trajectory that US monetary policy will take. Updated estimates on the economy and inflation are in the spotlight.
On the first findings, the Dow Jones shows a gain of 0.76%; along the same lines, theS&P-500 it gains 0.88% compared to the previous session, trading at 5,423 points. Good performance Nasdaq 100 (+0.98%); on the same trend, risingS&P 100 (+0.86%).