Minutes of the Fed’s inflation penalize Wall Street – Business Journal – Portugal

Minutes of the Fed's inflation penalize Wall Street – Business Journal – Portugal

The US squares closed lower after the minutes of the Federal Reserve have realized that few members of the US central bank consider to be necessary to pay attention to the possibility that prices in the US economy are not to rise . a desirable pace

The Dow Jones closed to yield 0.01% to 17,685.73 points and the Standard & amp; Poor’s 500 fell 0.2% to 2048.66 points, after yesterday they scored new highs.

Technological Nasdaq Composite, meanwhile, depreciated 0.57% to 4675.71 points.

The comments of members of the Fed to inflation were to weigh on investor sentiment.

“The Fed admits it has no idea of ​​the way that inflation can take,” said the Bloomberg one strategist Rhino Trading Partners, Michael Block. “Although admire their sincerity, I was not willing to buy shares this afternoon,” he added.

Inflation has stagnated despite a strengthening of the key indicators of the labor market, which makes the Federal Reserve wants to remain alert. The Fed says it is not at present cause for concern, but is alert. And continues to expect inflation to recover the 2% target in the medium term.