Wall Street sets new highs in trading after inflation data. Protagonists once again the Dow Jones and the S & P500 index which now gain 0.54% and 0.25% respectively. Earnings more contained for the Nasdaq which marks a +0.07 percent.
Price pressures are easing, with the US consumer price index growing by 5.4% annually in July, in line with the change in June and just above the consensus which was + 5.3%. The rate of growth of inflation travels to the highest levels since 2008. The core component, on the other hand, fell from 4.5% to 4.3%. On a monthly basis, the increase in prices was 0.5%, in line with expectations, from + 0.9% in June.
An optimism on the markets also thanks to the green light of the United States Senate for the $ 1 trillion infrastructure plan. Yesterday the vote in favor marked a significant victory for President Joe Biden and now the green light of the House seems a formality since the majority is Democratic.