NEW YORK – The New York Stock Exchange ended higher on Wednesday after the publication of US inflation figures and while the Fed said it expected a rate cut this year.
The Dow Jones index fell 0.1%, or 35.21 points, to 38,712.21 points.
The broader Standard & Poor’s 500 gained 45.71 points, or 0.9% to 5,421.03 points.
The Nasdaq Composite advanced 264.89 points, or 1.5% to 17,608.436 points.
The American Federal Reserve (Fed) on Wednesday, as expected, maintained the target for “fed funds” rates at 5.25%-5.50% for the seventh consecutive time and said it only anticipated one more reduction. of the cost of credit this year.
In its press release presenting the median of its new economic projections, the Fed indicates that its officials now estimate that the institution will reduce its rates once this year, compared to three cuts initially expected in March, because inflation is approaching l 2% target slower than expected.
The good performance of the markets also comes from consumer prices in the United States, which stagnated unexpectedly in May after increasing by 0.3% in April. Over one year, they show an increase of 3.3% against a consensus of +3.4%. Even the “core” CPI index, which excludes volatile elements, shows a slowdown in inflationary pressures with an increase of only 0.2% in May after +0.3% in April.
In values, Apple extended its gains and briefly became the world’s largest capitalization again.
(French version Zhifan Liu)
