Americans' expectations for the inflation ebbed | 14 March 2023

14 March 2023, GBP/USD

Americans' expectations for the inflation ebbed

GBPUSD trading plan:

Americans' expectations for the near-term path of inflation ebbed to nearly a two-year low last month, which could take pressure off the Federal Reserve to raise rates amid fresh uncertainties created by turmoil in the U.S. banking system. In the first of a run of key readings on inflation, consumer spending and sentiment that could determine whether the U.S. central bank presses on with interest rate hikes or pauses to measure the fallout from bank failures that prompted it to take emergency action, the New York Fed's Survey of Consumer Expectations showed respondents said inflation would stand at 4.2% a year from now. This is a negative signal for the dollar.

Investment idea: buy 1.2115 and take profit 1.2205.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus