Rose its shares Wall Street On Thursday (11.9.2025), as investors predicted that the latest data on the basic inflation index would not prevent the US Federal Bank (FED) from reducing the basic interest rate next week.
Specifically, Wall Street’s Dow Jones Industrial Average closed with a rise of 617.08 points, or 1.36%, at 46,108.00 points, while the S&P 500 rose 0.85% to 6,587.47 points. At the same time, Nasdaq Composite rose 0.72% to 22,043.07. All three main indicators scored new intra -day historically high during the day and closed in record levels.
It was a confusing series of numbers, with the consumer price index for August higher than the expected monthly basis, but in accordance with the expectations on an annual basis.
The CPI index increased 0.4% for the month, according to the office statistics office, higher than the 0.3% expected by economists. However, the index recorded 2.9% on an annual basis, as expected. In addition, the so -called basic CPC, which excludes volatile foods and energy, increased by 0.3% in August and by 3.1% compared to last year. Both indicators were according to Dow Jones’ forecasts.
The report was also published the day after the unexpected drop in the producer price index of 0.1% on a monthly basis.
Meanwhile, the labor market has received another sign of deceleration, as weekly applications for unemployment benefits have risen unexpectedly on Thursday, after upward revision of employment increases earlier this week. Employees who applied for an unemployment benefit for the week ended on September 6th increased by 27,000 from the previous period to 263,000, the highest level since October 2021.