- Dow Jones threw more than 400 points on Wednesday at its lowest level.
- The President of the Federal Reserve Powell appeared in two days.
- Price markets have pushed bets to reduce the next federal reserve rate until December.
Dow Jones (DJIA) fell on Wednesday, as more than 400 points fell at its lowest levels and slip to 44,090. Since then, the main stock index has regained some land, but it still decreases about 230 points a day. The feelings of investors to overcome inflation in the Consumer Prices Index (USA) showed that the United States has not made any progress in reducing basic inflation measures in eight months. Nearly four years have passed since the main consumer price index in the United States was less than 3.0 %.
Jerome Powell Live: We are not there when inflation
The President of the Federal Reserve (Federal Reserve), Jerome Powell, appeared in his second appearance in several days, as the Federal Reserve Chairman witnessed the American government agencies, where he presented the report of the monetary policy in the Federal Reserve to the Financial Services Committee in the House of Representatives. Looking at the latest printing of the consumer price index, Powell pointed out that the Federal Reserve did not achieve the goals of inflation, but it admitted that the Federal Reserve has made great progress. The continuous tariff between the United States and everyone was painful in business, making it difficult to predict what the monetary policy will seem to face a mysterious American commercial future.
The main inflation in CPI increased to 0.5 % of MOM, higher than the prediction drop to 0.3 % of 0.4 %. The annual consumer price index increased to 3.0 %, overcoming the expected reservation by 2.9 %. On the basic CPI enlargement, the annual number reached 3.3 %, while the markets expected to cool to 3.1 % of 3.2 %, with the monthly number increasing sharply to 0.4 %, overcoming 0.3 % expectations and lasting 0.2 %. Price markets now expect that the Federal Reserve will reduce its next price in a very late year, as bets have been collected in about December.
Dow Jones News
The Dow Jones Board of shares lost almost on Wednesday, although Boeing (BA) and Walmart (WMT) managed to share a room on the green side. Both companies gained about 1.2 %, with a Boeing rising to $ 104 per share and Wal -Mart test above $ 182.
In the low end, both Caterpillar (CAT) and Home Depot (HD) threw about 2 % as inflation measures take a bite of suppliers and material suppliers. Caterpillar decreased to less than $ 355 per share, with Home Depot drown less than $ 410.
Dow Jones price expectations
Despite the losses inside the day, Dow Jones continues to grind its way through the graph, holding familiar technical lands. Dow Dow has not been new since late November last year, but the downside momentum is still limited. The basic procedure still strengthens the top of the 50 -day SIA moving average (EMA) near 43,800, and the total trend is still in favor of the bulls.
Dow Jones Daily Plan
Economic indicator
Consumer Prices Index (YOY)
Ability tendencies or contraction are measured by collecting a basket of commodities and representative services and providing data such as Consumer Prices Index (CPI). CPI data is assembled on a monthly basis and released before American Ministry of Labor Statistics. YOY reading the prices of goods in the reference month to the same month in the previous year. The consumer price index is a major indication of measuring inflation and changes in purchase trends. In general, high reading is seen as a bullish state of the US dollar (USD), while low reading is seen as declining.
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