Time.news – Wall Street closed the session up, with the S&P 500 (+ 0.29% at 4,460 points) which updates its historical record again, while the Dow touches on the one touched at yesterday’s close (+ 0.04% to 35,499). The Nasdaq is also recovering, penalized in the last few sessions (+ 0.35% to 14,816 points).
For Dow and S&P 500 it is the third record close in a row. Investors continue to bet on US and European lists (Milan has touched up the highs since 2008, Paris and Frankfurt the absolute ones).
At the center of the debate, on a day characterized by a data on subsidies that testifies the strength of the US recovery and one on consumer prices that shows how the wave of inflation is still high, there is always the Federal Reserve and the timing tapering, the process by which the US central bank will gradually withdraw the stimulus to the economy.
While several Fed members are starting to express themselves, even publicly, on when the tapering should start – yesterday the president of the Dallas one spoke of the opportunity of an announcement in September to start it in October – Jerome Powell will remain silent until Jackson Hole appointment.
At the symposium in Wyoming, a traditional meeting of central bankers from around the world, he will give a long-awaited speech, but it seems unlikely that this is the occasion in which the Federal Reserve will announce the modalities of the withdrawal of the 120 billion purchases per month put in place for support the US economy in the face of Covid.
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