U.S. Inflation Rate

U.S.: falling stocks and rising inflation 

The U.S. stock market is seeing a decline in the indices of the leading companies. At the same time, the Organization for Economic Cooperation and Development forecasts the level of inflation growth in the U.S. in 2022. 

Last Wednesday, Dow Jones indexes showed a decline of 0.8%. The Nasdaq saw a decline of 0.7%. Thus the growth of shares, observed since the beginning of the current year, has come to naught. The real estate market also shows a significant decline in income. Positive dynamics remain only in the US energy sector. The U.S. Oil Fund rates rose by 2.2%. 

There is also a slight uptick in the U.S. 10-year stock sector. They rose as much as 3.04% on Wednesday. West Taxes crude oil futures rose to $3.02 on a $122, $122.43 a barrel basis. U.S. inventories rose only 2.2% in April. And in March the figure was 2.7%. 

Several U.S. senators are concerned about the rising inflation rate in the country. At the moment, the figure is 8%. According to Senator Janet Yallen, this level of inflation is considered unacceptable for the U.S. economy. 

Altira Group, Morgan Stanley, and Intel are among the companies, which shares are rapidly going down. The price of silver was among those that lost in value. It fell in price by $0.11 per ounce. But gold shows slight growth, reaching $3.60 per troy ounce. The U.S. natural gas fund also saw a decline. In this area, the decline reached 7.2%. 

It should be taken into account that this is a review of recent days. Forecasts for the coming days vary. Unlike stock markets, the cryptocurrency market expects very different trends. Some traders are set up for a sharp jump in Bitcoin, while others are pessimistic. Read more on these topics on our resource.

Leave a Reply

Your email address will not be published.