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High inflation in the United States

High inflation in the United States | 01 December 2021

01 December 2021, GBP/USD

GBPUSD trading plan:

Powell said the Fed will discuss whether to end their bond purchases a few months earlier than previously anticipated in December and the word "transitory" is no longer the most accurate term for describing the nature of current inflation. Reduced stimulus and interest rate hikes tend to push government bond yields up. Fed officials are not happy with inflation above the central bank's 2% target and bringing actual inflation down will be important to keeping expectations anchored near the central bank's goal, Fed Vice Chair Richard Clarida said.

Investment idea: sell 1.3370 and take profit 1.3314.

David Johnson
Analyst of «FreshForex» company
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