Home » today » Business » Inflation is at a 40-year high in the United States. Down the stock exchanges, the spread exceeds 200 basis points – Economy

Inflation is at a 40-year high in the United States. Down the stock exchanges, the spread exceeds 200 basis points – Economy

L’inflation in United States runs and flies at the highest levels of the last 40 years: it was in fact from November 1981 that there was not such a significant leap. Consumer prices rose 9.1% in June. On a monthly basis, the increase was 1.3%, the largest since 2005.

I consumer prices they rose by 9.1% on an annual basis, above the expectations of analysts who bet on + 8.8%. On a monthly basis, the increase was 1.3%.

The jump in US inflation in June will push the Fed to raise interest rates by 0.75% at the next meeting. Analysts are convinced that in the face of the new flare-up in prices, the central bank has no alternative but to take aggressive action to try to contain inflation which has soared to its highest levels since November 1981.

EUROPEAN BAGS IN LOWER, WALL STREET OPENS IN STRONG DOWN

The data resulted in a downward acceleration of European stock exchanges: Milan loses 1.84%, Frankfurt loses 1.98%, Paris 1.86% and London 1.29%. The spread between BTP and Bund it exceeds 200 basis points with the yield of the Italian ten-year at 3.17%. Euro and dollar remain on par with the single currency which is trading at 1,0003 on the greenback.

Wall Street opens in sharp decline with the flare-up of inflation in the United States. The Dow Jones loses 1.22% to 30,621.18 points, the Nasdaq drops 1.54% to 11,094.89 points while the S&P 500 leaves 1.28% on the ground at 3,769.99 points.

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