Wall Street has closed with purchases this Wednesday (Dow Jones: +0.70%; S&P 500: +0.43%; Nasdaq: +0.27%) in a volatile session after the Federal Reserve type decision (FED) and your risk warning of stagflation. This, as investors remain attentive to commercial negotiations between the US and China. Thus, as was discounted to the market, the American central bank has made a New pause and has kept the rates in the fork between the 4.25%-4.50%. The agency has explained that it has opted for this movement when considering that «The risks of greater unemployment and greater inflation have increased». He has also recognized that «Uncertainty about economic perspectives has increased even more». «Although net exports oscillations have affected the data, recent indicators suggest that economic activity has continued to expand at a solid pace. The unemployment rate has stabilized at a low level in recent months, and the conditions of the labor market remain solid. Inflation remains somewhat high«He stressed. Therefore, on the scope and time of additional adjustments to the objective range for the federal funds, the Committee has indicated that»will carefully evaluate incoming datathe evolution of perspectives and risk balance. »
«Wait and see»
The other point of attention of investors has been at the press conference of the President of the Fed, Jerome Powellwho has remained faithful to his mantra of «Wait and see». «For now, We are well positioned to expect greater clarity Before considering any adjustment to our political position, «said the head of the agency, insisting once again that the Central Bank has no «haste» To cut the types. Questioned about tariffs, Powell has commented that «It is possible that the inflationary effects areinstead, more persistent. Avoiding that result will depend on the Magnitude of the effects of tariffshow long they take to move fully to prices and, ultimately, to maintain well -term inflation expectations well anchored. «»If the great tariff increases are maintained that have been announced, They are likely to generate an increase in inflationa deceleration of economic growth and an increase in unemployment, «Powell said.» There are cases in which it would be appropriate for us to cut the types this year, and others in which not. I don't know what the appropriate path will be«said the central banker.» I can't tell you how long it will take, but for now, it seems that It is quite clear that we must wait and observe«Powell stressed.
Meeting between the US and China
In commercial matters, The United States and China will gather in Switzerland During the weekend for a «contact» in which they will talk about the possibility of «initiating conversations» to Negotiate tariffs. The meeting between the vice -first Chinese minister, HE LIFENGthe US Treasury Secretary, Scott Besentand the American commercial representative, Jamieson Gererwill be the first approach between both powers after the tariff war unleashed by Trump. «We may listen to significant cuts in recent tariffs that both giants imposed each other. But rates are so high (145% for Chinese products imported to the US and 125% for American products imported to China) that not even a significant improvement could satisfy Chinawho continues to prepare for a potentially prolonged war, «says Ipek Ozkardeskaya, Swissquote Bank's senior analyst. For its part, from Bankinter they affirm that They will only «make gloves'to decide what they can talk about, challenging each other not to convey any indication of weakness, but without reaching any agreement. Materialize something will take a long time»
Companies and other markets
On the business level, Super micro has fallen 1.37% after lower your income perspective for the whole year. Now he hopes that they are between 21,800 and 22.6 billion dollars, lower their previous orientation between $ 23,500 and 25,000 million. In the same way, the actions of Alphabet, the Google matrix7.26% have sunk before the Apple plans to introduce artificial intelligence (AI) tools in your Safari browser.
In other markets, oil West Texas has dropped 1.88% ($ 57.98) and Brent It has retreated 1.82% ($ 61). For its part, the euro 0.45% ($ 1,1316), and the ounce of gold It has fallen 1.24% ($ 3,379). In addition, the 10 -year American Bonus Profitability It has relaxed 4,273% and the Bitcoin has gained 1.07% ($ 96,075).