The sharp rise in US inflation did not hurt the New York stock market on Wednesday.
The sharp rise in US inflation did not hurt the New York stock market on Wednesday. Consumer prices increased by 7.0 percent compared to the same month last year. This is the highest inflation rate in the United States since 1982 – which analysts had also expected.
The leading index Dow Jones Industrial went 0.11 percent higher at 36,290.32 points from trading.
The market-wide S&P 500 went up 0.28 percent to 4726.35 points. The tech-heavy Nasdaq 100 was up 0.38 percent to 15,905.10 points. At the beginning of the week, it was at its lowest level since mid-October, suffering particularly badly from interest rate concerns, but has since recovered by almost five percent.
Market observers now see interest rate hikes planned by the US Federal Reserve (Fed) as a reaction to high inflation and good economic development being incorporated into share prices.
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![This may be the record Pensions Indexation in 2022. Such may be the rates of benefits from March [13.01.22 r.]](https://d-art.ppstatic.pl/kadry/k/r/1/ea/d5/61ddb5fa1a490_o_original.jpg "This may be the record Pensions Indexation in 2022. Such may be the rates of benefits from March [13.01.22 r.]")