The Paris Stock Exchange is about to open without much change this Wednesday, May 10, with investors counting on apnea until the publication in the afternoon of US inflation figures for April. THE CAC 40, the flagship index was down 0.59% yesterday. The trend on Wall Street was not helped the day before by remarks by New York Fed President John Williams, who maintained that the American central bank (Fed) did not rule out a further hike in its rates during of its next meeting, on 13 and 14 June.
A week ago, the Fed raised its key rates by a quarter of a point, hinting that it could mark a pause, after ten successive hikes. This monetary tightening initiated since March 2022 consists of increasing the cost of loans granted to households and businesses in order to slow down activity and curb inflation. “April’s Consumer Price Index due today is the next key benchmark for judging whether the Federal Reserve will hit the pause button and keep rates unchanged after several consecutive hikes,” said CMC Markets analyst Michael Hewson. .
The consumer price index (CPI) is likely to have accelerated in April to +0.4% against +0.1% in March, in particular due to a rebound in energy prices. Without counting these or those of food, so-called underlying inflation should still hold at +0.3% against +0.4% in the month (…)
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