Os global markets They gained impetus on Friday (22), in reaction to the Federal Reserve’s Chair speech, Jerome Powell, at the Jackson Hole Symposium, as they obtained information about the US interest rate trajectory.
In one of his most important speeches,
Em Wall Streetthe stock rates operated on the rise during Powell’s speech, with the North American market reference index S&P 500 rising 1.24%.
Around 11:38 am (Brasília time), the Ibovespa, The main reference of the Brazilian stock market, rose 2.07%, to 137,297.87 points.
European bags were also discharged this Friday. At the same time, the Pan-European Stoxx 600 index advanced 0.63%, to 562.61 points. The London scholarship rose 0.35%, Paris’s advanced 0.52%and Frankfurt’s earned 0.52%.
The expectation, according to the analyst Régis Chinchila, from Earth Investimentos, is that Powell’s speech will take the tone over the next steps of US monetary policy.
“The Fed Chair speech is seen as a determinant for calibrating bets on the US interest trajectory, especially in the possibility of cutting in September,” he said.
In Brazil, despite the discharge of Ibovespa at the session, the index was walking to end the Friday with a weekly fall, after a week marked by fears involving STF movements and the impasse with the United States.
Powell’s speech
The job market is on so unstable ground that the Federal Reserve may soon need to cut interest rates to support the economy, said Fed President Jerome Powell on Friday.
“Negative job risks are increasing,” Powell said in comments prepared for his main speech at the Federal Reserve Bank Annual Symposium of Kansas City in Jackson Hole, Wyoming.
He said the possibility of Trump’s fees only having a short -term effect on inflation is “reasonable.”
“With politics in restrictive territory, basic perspective and change in risk balance can justify the adjustment of our political stance,” he added.
*With information from Reuters
