US inflation is not letting go | What will the week bring?

Inflation in the United States is not letting go, and the publication of the September CPI data led to a massive depreciation of the US stock indices. However, the sudden shift in sentiment on the charts stunned analysts, as did the results of the new model European Central Bank. They show that the ECB only needs to raise the deposit rate to 2% or even lower in order to bring inflation back to the 2,25% target if it reduces its balance sheet at the same time.

Time for stock exchange retreat?

Therefore, Thursday's session on Wall Street gives investors hope that the worst may be behind us. Percentage of falling days in the chart S & P500 is already close to the record from 1974, and the most likely result of the November elections in the United States statistically supported the increases in the index in the last months of the election year. Nevertheless, while the current inflation-adjusted valuation of the S & P500 has fallen sharply in recent weeks, it is still at noticeably higher levels than it was before the COVID-19 pandemic. Inflation is not letting go, but is it a further valuation risk?

We invite you to a webinar with the Chief Economist XTB Przemysław Kwiecień, PhD, in which he will focus on the key topic of the last few days - inflation.

In today's video:

• Indexes - Was It a Retreat Session? 
• A dovish shift in the ECB's policy as fuel for stock exchanges?
• How to price inflation?

WATCH ON-LINE

In addition, due to the very dynamic situation in the world, additional ones will be made available raports Video on the impact of war, pandemic and economic crisis on the global economy.

About the host

Dr Przemysław Kwiecień - Chief economist X-Trade Brokers. Doctor of Economics at the University of Warsaw, graduate of the University of Warsaw and London Metropolitan University (MSc). Holder of the prestigious CFA certificate. He has been working for XTB since 2007, previously he gained experience as an advisor to the Minister of Finance, Mirosław Gronicki, and an economist at Bank Millennium. At XTB, he manages the Analysis Department.

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