Wall Street’s main stock indices are trading higher this Friday (6), following the release of inflation data in the United States.
At around 1:10 pm, Brasília time, the Dow Jones rose 0.27%, to 47,979 points. The S&P 500 rose 0.25% to 6,874 points, while the Nasdaq rose 0.26% to 23,565 points.
The increased 03.% in September compared to the previous month, according to information released by the Bureau of Economic Analysis earlier.
The pace of price increases remained persistent in September and consumption decreased compared to the previous month.
Compared to the same period in 2024, this year’s September PCE increased by 2.8%.
The delay in publishing this information was due to the US government’s 43-day shutdown, the longest shutdown the country has ever faced.
This is the last official data on inflation to be released before the Federal Reserve’s (the Fed, North American central bank) monetary policy meeting, which is scheduled for December 9th and 10th, next week. Furthermore, it is the preferred inflation indicator that managers use for the 2% target.
According to the CME’s FedWatch tool, there is now an 87% chance of a 25 basis point interest rate cut at this month’s meeting.
