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Jueves 22/09/22 Indicadores económicos líderes
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Jueves 22/09/22 Indicadores económicos líderes
por admin » Mié Sep 21, 2022 9:23 pm
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Re: Jueves 22/09/22 Indicadores económicos líderes
por admin » Mié Sep 21, 2022 9:23 pm
Futures a la baja
LAST CHG %CHG
Crude Oil Futures 83.36 0.42 0.51
Brent Crude Futures 90.30 0.47 0.52
Gold Futures 1666.20 -9.50 -0.57
Silver Futures 19.350 -0.130 -0.67
DJIA Futures 30109 -173 -0.57
S&P 500 Futures 3776
LAST CHG %CHG
Crude Oil Futures 83.36 0.42 0.51
Brent Crude Futures 90.30 0.47 0.52
Gold Futures 1666.20 -9.50 -0.57
Silver Futures 19.350 -0.130 -0.67
DJIA Futures 30109 -173 -0.57
S&P 500 Futures 3776
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Re: Jueves 22/09/22 Indicadores económicos líderes
por admin » Mié Sep 21, 2022 9:27 pm
Fed Raises Interest Rates by 0.75 Percentage Point for Third Straight Meeting
Officials project short-term rates will rise above 4.25% by year’s end, signal further large increases at coming meetings
Nick Timiraos
Updated Sept. 21, 2022 7:04 pm ET
Fed Approves Third-Straight 0.75 Percentage Point Rate Increase
Fed Approves Third-Straight 0.75 Percentage Point Rate Increase
Fed Approves Third-Straight 0.75 Percentage Point Rate Increase
The Federal Reserve approved a third-consecutive 0.75 percentage point rise Wednesday. Chairman Jerome Powell said he anticipates that interest-rate increases will continue as the Fed fights high inflation. Photo: Kevin Lamarque/Reuters
Fed officials voted unanimously to lift their benchmark federal-funds rate to a range between 3% and 3.25%, a level last seen in early 2008. Nearly all of them expect to raise rates to between 4% and 4.5% by the end of this year, according to new projections released Wednesday, which would call for sizable rate increases at policy meetings in November and December.
“We have got to get inflation behind us. I wish there were a painless way to do that. There isn’t,” Fed Chairman Jerome Powell said at a news conference after the rate decision.
Stock markets tumbled after a volatile trading day. The broad S&P 500 index fell 66 points, or 1.7%, to 3789.93. The yield on the two-year U.S. Treasury note settled around 3.993%, according to Tradeweb, from 3.962% Tuesday, nearly a 15-year high. Just after the Fed’s announcement, it had touched as high as 4.12%. Meanwhile, yields on longer-term Treasurys fell, since higher rates could lead to a sharper economic downturn.
Officials’ projected that rate rises will continue into 2023, with most expecting the fed-funds rate to rest around 4.6% by the end of next year. That was up from 3.8% in their projections this past June.
Analysts said they hadn’t expected the Fed to show quite so high an endpoint for the rate. Given how persistently elevated inflation has been, “I wouldn’t be surprised to see them go even higher than what they’ve written down—say, to 5%,” said Ellen Meade, an economist at Duke University who is a former senior adviser at the Fed.
The projections showed considerable divergence over what might happen after next year. Around one third of officials expect to hold the fed-funds rate above 4% through 2024, while others anticipate more rate cuts.
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“There is a message here that rates will stay higher for longer, and this message is really sticking with market participants,” said Blerina Uruci, U.S. economist at T. Rowe Price.
Even though the economy isn’t yet showing the full effects of Fed rate increases, “all of this volatility and uncertainty makes it hard for businesses to make plans. There are some benefits to having this hiking of interest rates over and done with sooner,” she said.
One year ago, the Fed was signaling rates might stay near zero for another year, and it was purchasing Treasury and mortgage securities to provide additional stimulus. Officials misjudged the strength of the economy’s rebound from the pandemic and how high inflation would rise.
They are now raising rates at the most rapid pace since the 1980s and have approved increases at five consecutive policy meetings, starting in March when they lifted the fed-funds rate from near zero. Until June, the Fed hadn’t raised rates by 0.75 point since 1994.
Officials made a second such increase in July but signaled more concerns about overdoing rate rises, which, together with investor optimism about how quickly inflation might decline, fueled a market rally.
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The rally threatened to undercut the Fed’s steps to slow the economy and weaken price pressures, and Mr. Powell delivered a blunt speech last month in Jackson Hole, Wyo., designed to underscore the Fed’s commitment to reducing inflation.
To limit further confusion on Wednesday, Mr. Powell prefaced his answers to reporters’ questions with a disclaimer. “My main message has not changed at all since Jackson Hole,” he said.
Throughout his press conference, “what Chair Powell was trying to do was keep to a minimum the biggest risks to getting inflation to come down—which was market participants getting ahead of themselves and actually easing financial conditions,” said Vincent Reinhart, chief economist at Dreyfus and Mellon.
The higher the Fed raises rates, the greater the risk that it will go too far, tipping the economy into a recession. But Mr. Powell repeatedly emphasized the need to bring inflation down now to avoid an even worse recession later.
“No one knows whether this process will lead to a recession or, if so, how significant that recession will be,” he said. “We certainly haven’t given up the idea that we can have a relatively modest increase in unemployment. Nonetheless, we need to complete this task.”
The economy slowed in May and June but appeared to regain momentum through the summer. Mr. Powell said Wednesday that the Fed wanted to see more evidence that the labor market was cooling off. The economy has added an average of 380,000 jobs monthly over the past six months, far above the rate of about 50,000 that economists think would keep the unemployment rate steady.
Meanwhile, inflation readings haven’t worsened this summer but also haven’t shown the kind of improvement that the Fed and many economists have wanted to see. Falling gasoline prices caused overall inflation to ease in July and August, but climbing housing costs and prices for services such as dental and hospital visits, haircuts and car repairs have kept inflation elevated.
Advertisement - Scroll to Continue
The consumer-price index rose 8.3% in August from a year earlier, down from June’s increase of 9.1%, a four-decade high. Mr. Powell pointed to how inflation using a separate gauge has consistently run at a pace of 4.5% or higher, despite diminishing supply-chain problems.
“That’s not where we expected or wanted to be,” he said. “Our expectation has been that we would begin to see inflation come down largely because of supply-side healing. By now we would have thought that we would have seen some of that. We haven’t.”
Fed officials projected the unemployment rate rising to 4.4% next year, from 3.7% in August and 3.5% in July. Historically, an increase of that much in that span has coincided with a recession.
SHARE YOUR THOUGHTS
How should the Fed be addressing inflation? Join the conversation below.
Several analysts, including Ms. Meade and Ms. Uruci, said they found it implausible that Fed officials projected they might bring inflation down to 3% next year and 2% by 2025 without doing more damage to the labor market.
At the same time, Mr. Powell appeared to be more candid about the risks. “He is using words that are open to recession,” said Ms. Meade.
The U.S. mortgage market has been slammed by the prospect of tighter money, and the average 30-year fixed-rate mortgage jumped to 6.25% last week from 6.01% the week before, the Mortgage Bankers Association said Wednesday. That was the highest level since October 2008. Applications for loans to purchase homes were down 30% from the same week last year.
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The latest economic news, analysis and data curated weekdays by WSJ's Jeffrey Sparshott.
Mr. Powell said it was likely the housing market, which boomed during the pandemic, driving prices to new highs, would weaken significantly. Mr. Reinhart said the admission was notable because the economy has always entered a recession when the housing sector has contracted.
“They want to convey that policy will be firm and that the economy will suffer as a result. It’s hard for them to say how much it will suffer,” said Mr. Reinhart.
Write to Nick Timiraos at nick.timiraos@wsj.co
Officials project short-term rates will rise above 4.25% by year’s end, signal further large increases at coming meetings
Nick Timiraos
Updated Sept. 21, 2022 7:04 pm ET
Fed Approves Third-Straight 0.75 Percentage Point Rate Increase
Fed Approves Third-Straight 0.75 Percentage Point Rate Increase
Fed Approves Third-Straight 0.75 Percentage Point Rate Increase
The Federal Reserve approved a third-consecutive 0.75 percentage point rise Wednesday. Chairman Jerome Powell said he anticipates that interest-rate increases will continue as the Fed fights high inflation. Photo: Kevin Lamarque/Reuters
Fed officials voted unanimously to lift their benchmark federal-funds rate to a range between 3% and 3.25%, a level last seen in early 2008. Nearly all of them expect to raise rates to between 4% and 4.5% by the end of this year, according to new projections released Wednesday, which would call for sizable rate increases at policy meetings in November and December.
“We have got to get inflation behind us. I wish there were a painless way to do that. There isn’t,” Fed Chairman Jerome Powell said at a news conference after the rate decision.
Stock markets tumbled after a volatile trading day. The broad S&P 500 index fell 66 points, or 1.7%, to 3789.93. The yield on the two-year U.S. Treasury note settled around 3.993%, according to Tradeweb, from 3.962% Tuesday, nearly a 15-year high. Just after the Fed’s announcement, it had touched as high as 4.12%. Meanwhile, yields on longer-term Treasurys fell, since higher rates could lead to a sharper economic downturn.
Officials’ projected that rate rises will continue into 2023, with most expecting the fed-funds rate to rest around 4.6% by the end of next year. That was up from 3.8% in their projections this past June.
Analysts said they hadn’t expected the Fed to show quite so high an endpoint for the rate. Given how persistently elevated inflation has been, “I wouldn’t be surprised to see them go even higher than what they’ve written down—say, to 5%,” said Ellen Meade, an economist at Duke University who is a former senior adviser at the Fed.
The projections showed considerable divergence over what might happen after next year. Around one third of officials expect to hold the fed-funds rate above 4% through 2024, while others anticipate more rate cuts.
Advertisement - Scroll to Continue
“There is a message here that rates will stay higher for longer, and this message is really sticking with market participants,” said Blerina Uruci, U.S. economist at T. Rowe Price.
Even though the economy isn’t yet showing the full effects of Fed rate increases, “all of this volatility and uncertainty makes it hard for businesses to make plans. There are some benefits to having this hiking of interest rates over and done with sooner,” she said.
One year ago, the Fed was signaling rates might stay near zero for another year, and it was purchasing Treasury and mortgage securities to provide additional stimulus. Officials misjudged the strength of the economy’s rebound from the pandemic and how high inflation would rise.
They are now raising rates at the most rapid pace since the 1980s and have approved increases at five consecutive policy meetings, starting in March when they lifted the fed-funds rate from near zero. Until June, the Fed hadn’t raised rates by 0.75 point since 1994.
Officials made a second such increase in July but signaled more concerns about overdoing rate rises, which, together with investor optimism about how quickly inflation might decline, fueled a market rally.
Advertisement - Scroll to Continue
The rally threatened to undercut the Fed’s steps to slow the economy and weaken price pressures, and Mr. Powell delivered a blunt speech last month in Jackson Hole, Wyo., designed to underscore the Fed’s commitment to reducing inflation.
To limit further confusion on Wednesday, Mr. Powell prefaced his answers to reporters’ questions with a disclaimer. “My main message has not changed at all since Jackson Hole,” he said.
Throughout his press conference, “what Chair Powell was trying to do was keep to a minimum the biggest risks to getting inflation to come down—which was market participants getting ahead of themselves and actually easing financial conditions,” said Vincent Reinhart, chief economist at Dreyfus and Mellon.
The higher the Fed raises rates, the greater the risk that it will go too far, tipping the economy into a recession. But Mr. Powell repeatedly emphasized the need to bring inflation down now to avoid an even worse recession later.
“No one knows whether this process will lead to a recession or, if so, how significant that recession will be,” he said. “We certainly haven’t given up the idea that we can have a relatively modest increase in unemployment. Nonetheless, we need to complete this task.”
The economy slowed in May and June but appeared to regain momentum through the summer. Mr. Powell said Wednesday that the Fed wanted to see more evidence that the labor market was cooling off. The economy has added an average of 380,000 jobs monthly over the past six months, far above the rate of about 50,000 that economists think would keep the unemployment rate steady.
Meanwhile, inflation readings haven’t worsened this summer but also haven’t shown the kind of improvement that the Fed and many economists have wanted to see. Falling gasoline prices caused overall inflation to ease in July and August, but climbing housing costs and prices for services such as dental and hospital visits, haircuts and car repairs have kept inflation elevated.
Advertisement - Scroll to Continue
The consumer-price index rose 8.3% in August from a year earlier, down from June’s increase of 9.1%, a four-decade high. Mr. Powell pointed to how inflation using a separate gauge has consistently run at a pace of 4.5% or higher, despite diminishing supply-chain problems.
“That’s not where we expected or wanted to be,” he said. “Our expectation has been that we would begin to see inflation come down largely because of supply-side healing. By now we would have thought that we would have seen some of that. We haven’t.”
Fed officials projected the unemployment rate rising to 4.4% next year, from 3.7% in August and 3.5% in July. Historically, an increase of that much in that span has coincided with a recession.
SHARE YOUR THOUGHTS
How should the Fed be addressing inflation? Join the conversation below.
Several analysts, including Ms. Meade and Ms. Uruci, said they found it implausible that Fed officials projected they might bring inflation down to 3% next year and 2% by 2025 without doing more damage to the labor market.
At the same time, Mr. Powell appeared to be more candid about the risks. “He is using words that are open to recession,” said Ms. Meade.
The U.S. mortgage market has been slammed by the prospect of tighter money, and the average 30-year fixed-rate mortgage jumped to 6.25% last week from 6.01% the week before, the Mortgage Bankers Association said Wednesday. That was the highest level since October 2008. Applications for loans to purchase homes were down 30% from the same week last year.
Advertisement - Scroll to Continue
Newsletter Sign-up
Real Time Economics
The latest economic news, analysis and data curated weekdays by WSJ's Jeffrey Sparshott.
Mr. Powell said it was likely the housing market, which boomed during the pandemic, driving prices to new highs, would weaken significantly. Mr. Reinhart said the admission was notable because the economy has always entered a recession when the housing sector has contracted.
“They want to convey that policy will be firm and that the economy will suffer as a result. It’s hard for them to say how much it will suffer,” said Mr. Reinhart.
Write to Nick Timiraos at nick.timiraos@wsj.co
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Re: Jueves 22/09/22 Indicadores económicos líderes
por admin » Mié Sep 21, 2022 9:29 pm
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Re: Jueves 22/09/22 Indicadores económicos líderes
por admin » Jue Sep 22, 2022 6:25 am
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Re: Jueves 22/09/22 Indicadores económicos líderes
por admin » Jue Sep 22, 2022 6:25 am
CHG %CHG
Crude Oil Futures 83.73 0.79 0.95
Brent Crude Futures 90.58 0.75 0.83
Gold Futures 1674.00 -1.70 -0.10
Silver Futures 19.520 0.040 0.21
DJIA Futures 30277 -5 -0.02
S&P 500 Futures 3800.50 -5.75 -0.15
Currencies7:25 AM EDT 9/22/22
Crude Oil Futures 83.73 0.79 0.95
Brent Crude Futures 90.58 0.75 0.83
Gold Futures 1674.00 -1.70 -0.10
Silver Futures 19.520 0.040 0.21
DJIA Futures 30277 -5 -0.02
S&P 500 Futures 3800.50 -5.75 -0.15
Currencies7:25 AM EDT 9/22/22
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Re: Jueves 22/09/22 Indicadores económicos líderes
por admin » Jue Sep 22, 2022 6:26 am
Japan: Nikkei 225 27070.35 -242.78 -0.89
UK: FTSE 100 7215.07 -22.57 -0.31
Crude Oil Futures 83.74 0.80 0.96
Gold Futures 1673.90 -1.80 -0.11
Yen 142.71 -1.36 -0.95
Euro
UK: FTSE 100 7215.07 -22.57 -0.31
Crude Oil Futures 83.74 0.80 0.96
Gold Futures 1673.90 -1.80 -0.11
Yen 142.71 -1.36 -0.95
Euro
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Re: Jueves 22/09/22 Indicadores económicos líderes
por admin » Jue Sep 22, 2022 6:26 am
-66.00 -1.71
China: Shanghai Composite 3122.55 5.37 0.17
Japan: Nikkei 225 27070.35 -242.78 -0.89
UK: FTSE 100 7215.46
China: Shanghai Composite 3122.55 5.37 0.17
Japan: Nikkei 225 27070.35 -242.78 -0.89
UK: FTSE 100 7215.46
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Re: Jueves 22/09/22 Indicadores económicos líderes
por admin » Jue Sep 22, 2022 6:27 am
LAST CHG %CHG
Euro (EUR/USD) 0.9861 0.0023 0.23
Japanese Yen (USD/JPY) 142.72 -1.36 -0.94
U.K. Pound (GBP/USD) 1.1298 0.0027 0.24
Swiss Franc (USD/CHF) 0.9831 0.0166 1.72
Chinese Yuan (USD/CNY) 7.0915 0.0425 0.60
U.S. Dollar Index 111.04
Euro (EUR/USD) 0.9861 0.0023 0.23
Japanese Yen (USD/JPY) 142.72 -1.36 -0.94
U.K. Pound (GBP/USD) 1.1298 0.0027 0.24
Swiss Franc (USD/CHF) 0.9831 0.0166 1.72
Chinese Yuan (USD/CNY) 7.0915 0.0425 0.60
U.S. Dollar Index 111.04
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Re: Jueves 22/09/22 Indicadores económicos líderes
por admin » Jue Sep 22, 2022 6:27 am
YIELD(%) YIELD CHG
U.S. 10 Year 3.565 0.035
Germany 10 Year 1.897 0.004
U.K. 10 Year 3.402 0.088
Japan 10 Year 0.257 -0.005
Australia 10 Year 3.679 0.034
China 10 Year 2.692
U.S. 10 Year 3.565 0.035
Germany 10 Year 1.897 0.004
U.K. 10 Year 3.402 0.088
Japan 10 Year 0.257 -0.005
Australia 10 Year 3.679 0.034
China 10 Year 2.692
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Re: Jueves 22/09/22 Indicadores económicos líderes
por admin » Jue Sep 22, 2022 6:28 am
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Re: Jueves 22/09/22 Indicadores económicos líderes
por admin » Jue Sep 22, 2022 8:50 am
LAST CHG %CHG
DJIA 30062.21 -121.57 -0.40
S&P 500 3765.46 -24.47 -0.65
Nasdaq Composite 11118.11 -102.09 -0.91
Japan: Nikkei 225 27153.83 -159.30 -0.58
UK: FTSE 100 7220.21 -17.43 -0.24
Crude Oil Futures 85.67 2.73 3.29
Gold Futures 1683.90 8.20 0.49
Yen 141.81 -2.27 -1.58
Euro 0
DJIA 30062.21 -121.57 -0.40
S&P 500 3765.46 -24.47 -0.65
Nasdaq Composite 11118.11 -102.09 -0.91
Japan: Nikkei 225 27153.83 -159.30 -0.58
UK: FTSE 100 7220.21 -17.43 -0.24
Crude Oil Futures 85.67 2.73 3.29
Gold Futures 1683.90 8.20 0.49
Yen 141.81 -2.27 -1.58
Euro 0
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Re: Jueves 22/09/22 Indicadores económicos líderes
por admin » Jue Sep 22, 2022 11:50 am
CHG %CHG
DJIA 30116.80 -66.98 -0.22
S&P 500 3764.99 -24.94 -0.66
Nasdaq Composite 11075.05 -145.14 -1.29
Japan: Nikkei 225 27153.83 -159.30 -0.58
UK: FTSE 100 7159.52 -78.12 -1.08
Crude Oil Futures 83.59 0.65 0.78
Gold Futures 1681.90 6.20 0.37
Yen 142.42 -1.66 -1.15
Euro 0.9844
DJIA 30116.80 -66.98 -0.22
S&P 500 3764.99 -24.94 -0.66
Nasdaq Composite 11075.05 -145.14 -1.29
Japan: Nikkei 225 27153.83 -159.30 -0.58
UK: FTSE 100 7159.52 -78.12 -1.08
Crude Oil Futures 83.59 0.65 0.78
Gold Futures 1681.90 6.20 0.37
Yen 142.42 -1.66 -1.15
Euro 0.9844
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