Inflation Data Shifts Wall Street Mood, Delays Rate Cut Hopes

INSUBCONTINENT EXCLUSIVE:
Wall Street shifted from optimism to caution, closing down significantly on Tuesday
This change was sparked by the latest US inflation figures for 2024, surpassing expectations.These numbers prompted market analysts to push
indexes:Dow Jones fell by 1.35%.S-P 500 lost 1.37%Nasdaq was down by 1.80%.The US Consumer Price Index (CPI) indicated a modest slowdown in
January, yet it was more robust than forecast.Inflation Data Shifts Wall Street Mood, Delays Rate Cut Hopes
(Photo Internet reproduction)The CPI rose by 0.3% monthly, above the 0.2% rise analysts had anticipated
aimed at steering inflation towards a 2% yearly goal.Market sentiment initially leaned towards a March rate cut by the Fed.However,
dampened spirits in New York, influencing global financial markets.Market Reactions and TrendsThe EWZ, a Brazilian ETF listed in New York,
UK and US data, tempering rate-cut expectations
2024.Brent crude for April increased by 0.94% to $82.77 a barrel, while WTI for March went up by 1.24% to $77.87 a barrel.This scenario
illustrates the intricate relationship between inflation figures, central bank decisions, and their broad impact on global markets.It
highlights how sensitive the worldwide economy is to shifts in US monetary policy.