Wall Street has closed with outstanding purchases on Wednesday, led by the Nasdaq(Dow Jones: +0.92%; S&P 500: +1.08%; Nasdaq: +1.41%), after the Federal Reserve (Fed) has maintained the Interest rates without changesin the fork between the 4.25%-4.50%and in line with the anticipated by the market. The agency has also reiterated Two more descents of the rates In 2025 and its president, Jerome Powellhe said that «The impact of tariffs will be transitory on inflation«In its statement, the US Central Bank explained that it has opted for this movement in the search for its objective of achieving the Maximum employment and one 2% long -term inflation. However, the Fed has warned that «Uncertainty about economic perspectives has increased. The Committee is attentive to the risks for both parties of its double mandate. «Therefore, it will carefully evaluate the incoming data, the evolution of the perspectives and the risk balance. In this meeting, the Fed has also updated its economic projections and now It foresees a 2025 of lower growth and greater unemployment. With regard to the economy, it considers that GDP will grow by 2025 1.7%, four tenths less than its previous estimate. As for the unemployment rate, he anticipates that he will be 4.4%, compared to 4.3% waiting in December. Also, ha Revised upward PCE inflation for this yearup to 2.7%, two tenths above the December forecast. For next year it has raised it to 2.2%, from the previous 2.1%.
«Transient» inflation by tariffs
The other focus of interest to the market has been the press conference of Powell at a time loaded with uncertainty for Trump's tariff policy and its impact on the economy. In this sense, the head of the Fed has assured that it will be the «Net effect» of US President's policies which determines the future of the economy and interest rates. However, he believes that Inflation caused by tariffs can be «transient»although he has clarified that it is still too early to know with certainty and that it will depend on how it influences the inflation perspectives. Regarding risk of recessionthe central banker has stressed that «has increased, but It is not high«And he insisted that you have to separate the data from the» noise «tariff.»We are not in a hurry to movewe are well positioned to expect more clarity. We are not in a hurry, «Powell emphasized.» We are at a point where we can cut or stay. »
Companies and other markets
On the business level, Morgan Stanley foresee Eliminate about 2,000 jobs Throughout the entity, with the exception of the Financial Advisors team. It has also been news Teslathat has risen 4.68% This Wednesday after receiving approval from the California Public Services Commission To initiate passenger transport, which in this first phase will be limited to the employees of the company itself. In other markets, oil West Texas has earned 0.57% ($ 67.28) and Brent has added 0.48% ($ 70.90). For its part, the euro 0.40% ($ 1.09) has depreciated, and ounce of gold It has advanced 0.50% ($ 2,056). In addition, the 10 -year American Bonus Profitability It has relaxed 4.25% and the Bitcoin has rebounded 4.35% ($ 85,681).
