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Wall Street lives a new day of correction after the Fed and its jug of cold water


Wall street delves into its correction because of the Fed. The indices of the New York Stock Exchange register falls of 0.5% on average due to the pessimism caused by the minutes of the last meeting of the Federal Reserve, held last July. They were published this Wednesday, and in them the central bank headed by Jerome Powell recognizes the "Heavy" footprint that the coronavirus crisis will have on the economy in the medium term.

"After sharp falls, economic activity and employment have rebounded slightly in recent months but remains well below the levels of the beginning of the year ", added the document.

In addition, initial unemployment claims in the US They have rebounded during the last week and have once again exceeded one million, after falling below this barrier during the previous week, when they stood at 971,000.

The published figure exceeds the consensus forecast, which anticipated a drop in initial jobless claims to 925,000. The continuous requests, for their part, they have fallen to 14.84 million from 15.48 million, below the 15 million anticipated.

The Philadelphia Fed Manufacturing Index, which has fallen to 17.2 from 24.1 and has breached the consensus forecast, which anticipated a minor drop, to 21.

The trade war is being another of the topics of the day in the US. China has contradicted Trump and from the Asian giant they announce trade meetings with Washington in the coming days.

Asked at an event in Yuma, Arizona, about whether he will withdraw from the trade agreement with China, Trump said Tuesday that he would study it, Reuters reported. The US president also said he did not want to talk about Beijing right now.

On the other side of the Atlantic, the Ibex and the rest of Europe are also listed in red because of the pessimism that is extracted from the minutes of Powell's men. Finally, in Asia the stock markets have registered important falls between the Fed and the People's Bank of China, which has kept the loan rate unchanged.


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