Stock news 18:12 2023-09-12
Dow Jones futures index falls Before the release of the Consumer Price Index (CPI) tomorrow
As of 6:02 p.m. Thai time, the Dow Jones Futures Index lost 52 points, or 0.15%, to 34,960 points.
Apple Inc.’s stock price rebounded in pre-market trading. Responding to the launch of iPhone 15 tonight.
Investors will be keeping an eye on the CPI index, which will be released on Wednesday, September 13. The index measures inflation from consumer spending. and is a factor indicating the direction of US interest rates. Before the US Federal Reserve (Fed) holds its monetary policy meeting on September 19-20.
Analysts surveyed expect the general CPI index, which includes food and energy categories, to rebound 3.6% in August year-on-year from 3.2% in July.
On a monthly basis, it is expected that the general CPI index will rebound 0.6% in August from 0.2% in July.
As for the basic CPI index, which does not include food and energy categories. It is expected to increase 4.3% in August year-on-year from 4.7% in July.
On a monthly basis, it is expected that the core CPI index increased 0.2% in August, unchanged from July.
Officials from the US Federal Reserve (Fed) have entered a blackout period before the Fed’s monetary policy meeting (FOMC) on September 19-20.
Fed regulations prohibit Fed officials from making public comments. or giving an interview during the Blackout Period about monetary policy It begins on the second Saturday before the FOMC meeting and ends on the Thursday after the FOMC meeting.
Investors put more than 90% of their weight in the forecast. The Fed will hold interest rates steady at this month’s meeting.
The latest CME Group’s FedWatch Tool indicates that investors give a 93.0% weight to the Fed keeping interest rates at 5.25-5.50% at the September 19-20 meeting and only a 7.0% weight to the Fed increasing it. Interest rate 0.25% to 5.50-5.75%
By InfoQuest News Agency (12 Sept. ’23)
Tags: CPI, stock market, New York Stock Exchange, US Stock Market
2023-09-12 11:18:18
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