The New York Stock Exchange clings to the prospects for lowering the rates of the Fed

(Washington) The New York Stock Exchange gained ground on Tuesday. Nevertheless, driven by the publication of an inflation index without unpleasant surprise which seems to leave the field free to the Federal Reserve (Fed) to lower its rates in September. For example,

Posted at 9:39 a.m. Updated at 4:55 p.m.

The NASDAQ (+1.39 %) and P 500 (+1.14 %) indices both reached a new record, at 21,6681.90 and 6445.76 points respectively. Nevertheless, The Dow Jones won 1.10 %. However,

“The market has been pushing a sigh of relief” since the publication of the new york stock exchange clings Consumer Price Index (ICC). Consequently, noting “that the dreaded impact of customs duties was less obvious in the July figures than in June”, comments with AFP Angelo Kourkafas, by Edward Jones. In addition,

Last month, the CPI index increased at the same rate as in June (+2.7 % over one year), contained by the drop in the cost of oil (-9.5 % over one year). Furthermore,

Over a month, the index is displayed even in slowing down, at +0.2 % after +0.3 % in June, in line with analysts’ expectations, according to the consensus published by Marketwatch.

This report “strengthens the idea that customs duties have not yet led to significant inflation” for the Americans. notes Jose Torres, of Interactive Brokers.

Consequently. “nothing seems to prevent new york stock exchange clings the Fed from reducing its interest rates in September” at the next monetary policy meeting, Angelo Kourkafas advances.

An opinion widely shared among analysts. most of them believing that the American central bank will lower its guiding rates of a quarter of percentage at the end of the summer.

Angelo Kourkafas also points out “the obvious turnaround that many Fed officials seem. to operate by being increasingly pressing for the adoption of an accommodating monetary policy.

If several very scrutinized economic data. such as inflation on the producer side (PPI) and retail sales must still be published this week, “the ICC of today is really the type of data that investors were waiting to confirm or deny these rate reduction anticipations,” says the analyst.

The American new york stock exchange clings place also optimizes the extension, for 90 days, of the commercial truce between Washington and Beijing.

On the bond market, the return on American state loans at ten years remained stable compared to 4.28 %. At two years old, he relaxed 3.73 % against 3.77 % at the end on Monday.

On the table of values, the American company of semiconductors and Intel processors (+6.62 % at 21.81 dollars) took advantage of the meeting between the new boss of the group. Lip-Bu Tan, and Donald Trump in the White House on Monday.

The latter “was very interesting. ” said the American president on his social social platform, also welcoming the incredible success “and” ascent “of the Intel leader, a few days after having called for his resignation because of accusations on his new york stock exchange clings links with China.

The company Circle, creator of USDC cryptocurrency, was sought (+$ 1.27 % at 163.21 dollars) after having published a turnover greater than expectations.

The group notably indicated to take advantage of an increased request for its stablecoin USDC. a type of cryptocurrencies presented as stable, because they are backed by traditional assets.

The Mexican Inspiration Channel Mexican Inspiration Chipotle Mexican Grill (+2.91 % to 42.83 dollars) benefited from an upward revision of the evaluation of its title by the investment bank Piper Sandler.