Markets in Motion - From Wall Street to Shanghai

This week was marked by important economic, corporate and political news. On the economic front, the Federal Reserve decided to keep interest rates unchanged in the 4.25% to 4.50% range, as anticipated by the market. The Federal Open Market Committee statement noted that the risks of high inflation and higher unemployment have increased, reinforcing the cautious stance. Fed Chairman Jerome Powell stated that the central bank is in a good position to wait for more clarity before making decisions, stressing that the current context requires patience on the part of monetary policymakers.

In terms of economic indicators, the purchasing managers' index (PMI) for the services sector rose from 50.8 to 51.6, suggesting a moderate expansion in that part of the economy. On the other hand, the Federal Reserve Bank of New York's inflation expectations survey showed that one-year expected inflation remained at 3.6%, increased to 3.2% at three years, and dropped to 2.7% at five years, reflecting some stability in long-term expectations.

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