May 2, 2024

Taylor Daily Press

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Investors wary of US inflation figures in shortened trading week

Investors wary of US inflation figures in shortened trading week

This is about the key figure for inflation, called Core PCE, for February. The Federal Reserve considers this number the most important indicator of price growth.

Earlier this week, the US Federal Reserve announced that it would keep borrowing costs at current high levels without changing interest rates. Policymakers within the umbrella organization of central banks expect interest rates to fall this year. The central bank does not consider it appropriate to cut interest rates “until there is confidence that inflation will continue to move towards 2 percent”.

New record

On Monday, investors should make do with little directional news for now. Statistics agency CBS publishes figures on economic growth for the fourth quarter of the Netherlands. Electric bus builder Ebusco will release its annual results on Tuesday, followed by investor HAL on Wednesday. Inpost's mode of delivering postal lockers on Thursdays.

Last week was a good stock market week for investors. Damrak's flagship index AEX rose to a new record high of 876.34 points on Friday. That means the benchmark index rose 2.9 percent in the last trading week.

On Wall Street, after tightening to record levels in the previous two days, stock traders were slightly lower on Friday. For example, the Dow Jones index had to lose 0.8 percent. Stock prices in New York have been rising for months on expectations that the Fed will cut interest rates. This generally bodes well for equities.

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