Wall Street has closed with soft sales this Thursday, (Dow Jones: -0.03%; S&P 500: -0.22%; Nasdaq: -0.33%), after the profits of Wednesday, already measure that investors have analyzed in more detail the messages of Jerome Powell on the US economy and the impact of the Trump administration tariff policy. The President of the United States Federal Reserve (Fed) He managed to calm the fear of the market, by qualifying as «transient«The effect that inflation rates can have.
Kathleen BrooksXTB research director, comments that “the Fed meeting surprised with a Moderate posturewell received by the uprooter market bulls. The Central Bank kept the types without changes and, as expected, reviewed its growth prospects and up to inflation. However, Jerome Powell knew how to manipulate The latest Fed and He surprised the market by stating that inflation would be 'transient'«. According to this expert, Fed's forecasts imply that» tariffs will be ephemeral or will be transientand that the president Trump could reduce them In the coming months. ”On the other hand, the strategists of Danske Bank They emphasize that “although Powell abstained to specify to what extent the expectation of tariffs had influenced inflation forecasts, he said that the base scenario remains that it is still that Tariffs will not cause persistent inflation”We remember that the key date for the market is the April 2because it will be then when the reciprocal tariffs that the US will apply to all commercial partners are published. However, the organism has warned that «Uncertainty about economic perspectives has increased». A fact that has been reflected with the update of its economic projectionswhich point to higher inflation and lower growth. «Since the inflation forecast by 2025 has increased with a parallel estimation of a lower growth rate, The sensation of stagflation is clear«says Salman Ahmed, global manager of Macro and strategic assignment of assets in Fidelity International. In the same sense, Raphael Olszyna-Marzys, an international economist in J. Safra Sarasin Sustainable AM, for whom the Fed» estimates that the net impact of the combination of policies probably generates a Economy staining shockalthough the magnitude of this shock is still very uncertain. »
Trump presses the Fed
For its part, Donald Trump He has pressured the Fed again, commenting that «It would be much better if the types were lowered«.» The Federal Reserve would be much better if it reduces rates as US tariffs begin to apply (flexible!) In the economy. Do the right thing. ¡April 2 is the day of liberation in the United States! «He has published on his social network 'Truth Social'.
News of the day
At present of the day, the weekly unemployment datawhich have rebounded less expected, and the manufacturing survey of the Fed of Philadelphia, which has dropped to 12.5 in March. As for the quarterly results, it will be the turn of Nike, Fedex and Micron Technology After the market closure.
Other markets
In other markets, oil Brent has risen 1.95% ($ 72.16), the euro 0.45% ($ 1,085) has depreciated, and ounce of gold It has advanced 0.38% ($ 3,052). In addition, the profitability of 10 -year -old bonus It has relaxed 4,235% and the Bitcoin has yielded 1.38% ($ 84,185).
