Wall Street He has lived a bearish session, although he has closed with a mixed sign this Wednesday (Dow Jones: -0.50%; S&P500: -0.27%; Nasdaq:+0.03%) After knowing the data of inflation January, which has been published in USA before the opening, and that has been placed above the forecasts of the consensus. The indices have begun the session with strong falls, although they have been moderating, which has allowed the Nasdaq close in greendriven by Tesla rebound. The main course of the day has been the United States CPI, which has Untant to 3% in year -on -year rate, compared to 2.9% registered in Decemberaccording to the data published by the US Labor Statistics Office. For its part, the underlying inflation, which excludes food and energy, has risen to 3.3%. Both data have overcome the forecast of the 2.9% for the general CPI and the 3.1% For the underlying. This way, General inflation marks its fourth consecutive month in the North American countryafter the general index fell in September last year to its lowest level since February 2021, although still above the objective of 2% interannual of the Federal Reserve. The underlying IPC, meanwhile, has rebounded after falling a tenth in December.
Paul AshworthChief economist for North America of Capital Economics, says that this report supports his opinion that, «with President Trump threatening to impose inflationary tariffs of wide scope, The Federal Reserve will not resume the cuts of interest rates this year«.» Inflation has been around these rates for some time and is not already going down decisively. The result is that the markets are now only discounting a cut of 25 basic points by the Federal Reserve this year. We continue to think that this is too 'dovish'. Since tariffs are likely to maintain the underlying PCE inflation near or above 3% this year, the Federal Reserve will remain stable for at least the next 12 months, «he adds.
Powell in Congress
In another of the outstanding appointments of the day, Jerome Powell He has appeared before the Financial Services Committee of the House of Representatives. The president of the Fed avoided again refer to Donald Trump's tariff policyand reiterated his previous comments that the Fed You should not be in a hurry to lower interest rates. The head of the Central Bank has taken the occasion to Defend the body's independence with the country's government. Thus, he has assured that he has no contact with the Government Efficiency Department (Doge), promoted by the US president, Donad Trump, with the aim of dismantling the bureaucracy, reducing excess regulations, cutting expenses unnecessary and restructure federal agencies. In addition, he has reiterated that It has no intention of resigning even if Trump is asked, And he has also pointed out that the statements of the elected representatives do not affect the political decisions of the Federal Reserve.
Tesla bounce
In the business scene, the actions of Tesla They have bouncing 2.44% after this Tuesday the company Elon Musk more than 6%will be left. This after knowing that his Chinese rival Byd will integrate Deepseek In their autonomous driving cars, as their competitors, Great Wall Motors and Leapmotor.
Other markets
In other markets, oil Brent It has dropped 2.44% ($ 75.12), before the peace negotiations in Ukraine announced by Donald Trump. For its part, the euro 0.31% ($ 1,0392) has been appreciated, and ounce of gold has yielded 0.24% ($ 2,925). In addition, the 10 -year American Bonus Profitability has rebounded 4,633% and Bitcoin has added 1.96% ($ 97,020).
