(Reuters) – The New York Stock Exchange opened up on Thursday, the August inflation figures did not call into question bets of a drop in rates from the American central bank next week despite a higher increase in consumer prices last month.

In the first exchanges, the Dow Jones index earns 99.34 points, or 0.22%, at 45,590.26 points and the Standard & Poor’s 500, wider, increased from 0.33% to 6,553.63 points.

The Nasdaq Composite takes 0.45%, or 99.04 points, at 21,985.10 points.

Consumer prices in the United States have increased more than expected in August over a month and the increase in inflation over one year has been the strongest since January, at 2.9% but, in a context of slowdown in the labor market, these data should not prevent the Federal Reserve (Fed) from making a highly anticipated drop in interest rates next week.

“Inflation is firmed, not as much as we had planned, but it is firmed nevertheless … in a way that the market can digest,” said Gary Schlossberg, a global strategist at Wells Fargo Investment Institute.

Sylvain Bersinger, economist of the Bersingéco cabinet, however writes that the effect of customs duties has not yet been fully felt and that Donald Trump policies, customs duties to the expulsion of foreign workers, including his desire to lower interest rates indicate that inflation could increase significantly in the future.

Employment, however, seems to remain the main concern of the Fed after a series of economic indicators that highlighted its persistent weakness.

Investors on Thursday learned that unemployment registration had increased in the United States during the week to September 6 to 263,000 against 236,000, a new sign of the difficulties of the American economy.

At the values, Oracle yields 3.4% after fleeing 36% on Wednesday, recording its highest daily percentage increase since 1992.

Micron climbs 9.9%, pulled by a change of price objective from Citigroup.

(Written by Diana Mandiá, edited by Blandine Hénault)

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