Inflation in the US continues to fly, but markets are not excited

by time news

Trading on the Wall Street Stock Exchange ended Friday with gains in the leading indices, with the Dow Jones up 0.6%, the Nasdaq up 0.7%, and the S&P 500 up 1%. In the US government bond market The yield on 10-year bonds fell slightly – to 1.49%.

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According to Guy Beit-Or, Psagot’s chief economist: “We are in a day when markets are content with inflation not surprisingly upwards – so that they can continue their year-end rally. However, it is important to understand what this is all about – the US consumer price index It rose in line with expectations, but the outlook was particularly high with an increase of 0.8% in the general index and 0.5% in the core index. ”

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