The NYSE closed on Friday in new all-time highsafter the announcement of a inflation lower than expected in September in the United States, which confirms expectations of cuts in interest rates of the Federal Reserve.
The three main indices of Wall Street reached new records: Dow Jones rose 1.01% to 47,207.12 points, the technological Nasdaq It advanced 1.15% to 23,204.87 points and the expanded S&P 500 index increased 0.79% to 6,791.69 points.
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The US inflation figures published before the opening “open the way to a reduction in Fed rates in October, which should be followed by other reductions,” Angelo Kourkafas, of the consultancy Edward Jones, told AFP.
According to data published on Friday by the Department of Labornine days after the initially scheduled date, andhe advance of the CPI index continued to accelerate in September in the world’s leading economy, reaching 3% year-on-year, compared to 2.9% the previous month.
Analysts expected a slightly larger increase of 3.1%.
“Although the price effects of the tariffs are still evident, they are less severe than previously feared,” said Bernd Weidensteiner of Commerzbank.
Kourkafas highlights “several good news” in the report, especially regarding consumer goods and housing prices.
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These data reinforce the expectations of investors, who expect a reduction of half a point by the end of the year, according to the tool dand monitor CME Fed Watch.
Some types of lower interest They tend to support economic activity and increase companies’ profit prospects, hence Wall Street’s optimism.
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