Wall Street has closed with a mixed sign (Dow Jones:+0.04%; S&P500: -0.24%; Nasdaq: -0.67%) This Wednesday with the Nasdaq leading sales for second consecutive session. This, in a session in which investors have met the retail results and the minutes of the last meeting of the Federal Reserve (Fed). The Minutes show division within the Central Bank over the optimal level of interest rates. In addition, the organism believes that it will face in the future «difficult dilemma.» «Some participants emphasized that it could be learned a lot in the coming months from the incoming data, which would contribute to base their evaluation of the risk balance and the proper configuration of the federal funds rate. At the same time, Some indicated that it would not be feasible or appropriate«, highlights the text. It should be remembered that these minutes are published before Jackson Hole's economic symposiumthe meeting of central bankers organized by the Federal Reserve of Kansas City, and in which it is expected that Jerome Powellwhich will intervene on Friday (at 4 in the afternoon Spanish time) reveal some clue on the next movements of the organism «Caution also increases Before the speech of the president of the Federal Reserve, Jerome Powell, in Jackson Hole on Friday. Market bets to a rate cut in September have shot themselves since Scott Batsent raised the idea of an increase of 50 basic points, «says Ipek Ozkardeskaya, Swissquote Bank's senior analyst. Although, for the expert this seems unlikely, he considers that»Speculation has caused a 25 basic points cut to look almost certaineven when producer prices registered a strong increase last month. «In this regard, investors discount with a 83% probabilityaccording to the CME Fedwatch tool, which the Fed will lower the types by 25 basic points in its September monetary conclave. «Powell now faces government pressure to cut rates in the midst of a weaker labor marketbut also the risk of feeding the stagflation if inflation accelerates again. Trump has already criticized Powell for 'arriving too late' to last inflation, which has aggravated the political context, «he adds. Therefore, the market anticipates that Powell will open the door to a Flexibility of monetary policy. «Powell's biggest challenge in which it will surely be his last appearance will be transmit a relatively clear message On the perspective of monetary policy, given the divisions in the Fed on the next movement of interest rates, «says Manuel Pinto, market analyst. Meanwhile, Trump has re -boiled the relationship with the Central Bank, and that is that this Wednesday has demanded the resignation of the governor of the Lisa Cook Federal Reserve for an alleged case of mortgage fraud. «Cook You must resign now!!! «, Trump has published on his social network, Truthsocial, in which he has also disseminated news that collects the accusations of Bill Abrete, director of the Federal Housing Financing Agency, against Cook.
Companies and other markets
In the business level, the prominence has fallen to the results of the US retailers. This Wednesday has been the turn of Lowe's and Targetwhile Walmart It will be accountable on Thursday. Their figures will serve to determine the strength of private consumption in the country. In the case of Target6.35% have fallen after presenting its second quarter figures and announcing the Michael Fiddelke appointment as his new CEOas of February 1. Without a doubt, for Link Securities experts, investors will be very aware of the figures presented by companies and how optimistic they are shown in the face of the evolution of your business In the next quarters. «He factor 'rates' It will also have its prominence, both in what can end up affecting the demand, for price increases, and to the margins of the company, if you choose not to transfer the greatest costs to its customers, «they comment. In other markets, oil West Texas has risen 1.27% ($ 63,14) and Brent It has advanced 1.87% ($ 67.03). For its part, the euro 0.06% ($ 1,1653), and the ounce of gold has won 0.97% ($ 391). In addition, the 10 -year American Bonus Profitability It has relaxed 4,287% and the Bitcoin has added 0.78% ($ 114,136).
