The current inflation environment
In recent months, inflation has shown signs of recovery, with the core PCE index registering an increase of 0.3% in September, the most significant since April. This index, which excludes food and energy goods due to its volatility, is considered one of the main indicators for measuring inflation by the Federal Reserve.
With an annual increase of 2.7%, there is stability compared to the previous month, despite expectations of a slowdown to 2.6%.
Implications for the global economy
Overall inflation reached 2.1%, the lowest level since the beginning of 2021, just above the 2% target set by the central bank. This data is crucial for understanding future monetary policies and the decisions of the Fed, which may be forced to review its strategies in response to these signals. In addition, Intesa Sanpaolo’s profit forecasts, which increased its estimates to €9 billion for next year, suggest a climate of confidence among financial institutions, despite global economic uncertainties
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Stock exchanges and the labor market
Recent statistics on unemployment claims in the United States, which reached their lowest level since May, indicate some resilience in the labor market. However, the European stock exchanges and Piazza Affari got off to a subdued start, reflecting investor concerns regarding the trend of inflation and its consequences. With the arrival of new inflation data in Italy and the eurozone, it is essential to monitor how these factors will influence economic decisions and growth expectations in the short term
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