Global stocks fell. The core PCE price index in the United States, which excludes food and energy, rose 0.6% in January, the highest since August and above estimates of 0.4%. The annual rate, the Fed's preferred measure of inflation, accelerated to 4.7% from 4.6% and beat forecasts of 4.3%, supporting signals from Fed policymakers that interest rates should higher for a longer period to tame inflation.
Domestic stocks continued to drop, pillar stocks made it difficult for the index. Interbank interest rates have just rebounded in terms, along with the exchange rate is likely to increase when the USD recovers strongly. Many businesses that are slow to pay interest and principal on bonds show short-term cash flow problems.
- Domestic and international news
- US core PCE inflation rises more than expected
- Technical view and recommendations
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