Wall Street closed on Friday a week in green marked by the publication of the Personal Consumption Expenditure Index (PCE), August, A key inflation measure that remained in line with the expectations of the Federal Reserve (FED).
(Read more: will you travel to Europe? Everything you should know about the EES and its entry date)
Last week, in the NY bag, the S&P 500 index fell 0.3%; Nasdaq lost 0.7% and The Dow Jones remained unchanged.
The PCE of August registered a 0.3 % increase during the monthwhich placed the annual general inflation rate at 2.7 %, as reported by the Department of Commerce on Friday. The underlying PCE, regardless of food and energy prices, stood at 2.9% per year, after an increase of 0.2% during the month.
All figures coincided with the Dow Jones consensus forecast and expected by the Federal Reserve, which probably It will cause the Central Bank to maintain the rhythm of future reductions in interest rates. This week has been characterized by great volatility and important losses for the technological sector amid doubts about the solidity of the AI market.
(Read more: Brazil’s plan to reduce gender gaps through global trade)
EFE
