Table of Contents:
Introduction to the trend of inflation
In October 2024, inflation data in the United States showed an increase in consumer prices of 0.2% compared to the previous month. This marks a steady growth trend that continues for the fourth consecutive month. Analysts had expected this increase, which helped to maintain a stable climate in financial markets, in particular on Wall Street
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Analysis of CPI data and impacts on the markets
The annual inflation figure accelerated, from 2.4% in September to 2.6% in October. This increase was mainly influenced by the housing index, which played a significant role in the overall increase in prices. On the other hand, the energy sector has shown some stability, contributing to a balance in overall costs.
At the start of the day, the main Wall Street indices registered slight increases: the Dow Jones rose by 43.79 points (+0.10%), the S&P 500 gained 4.88 points (+0.08%), and the Nasdaq saw an increase of 14.98 points (+0.08%).
The raw materials market and future prospects
As far as raw materials are concerned, the price of WTI oil at Nymex fell by 0.82%, to 67.56 dollars per barrel. This decline could be attributed to external factors such as the trend in global demand and the production policies of the OPEC countries. Investors are closely monitoring these developments, as fluctuations in the energy market can have significant repercussions on inflation and, consequently, on Federal Reserve decisions regarding
interest rates.
Conclusions on inflation data and market reactions
In summary, the inflation data for October 2024 met market expectations, with a monthly increase of 0.2% and an annual rate that rose to 2.6%. The core rate growth, which registered an increase of 0.3%, is in line with analysts’ expectations. These factors, together with market stability, suggest that investors can expect a period of relative calm, at least until significant new economic data emerges
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