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The rising inflation in the United States

The rising inflation in the United States | 21 April 2021

21 April 2021, EUR/USD

The rising inflation in the United States

EURUSD trading plan:

The U.S. economy is going to temporarily see “a little higher” inflation this year as the recovery strengthens and supply constraints push up prices in some sectors, but the Federal Reserve is committed to limiting any overshoot, Fed Chair Jerome Powell. “We do not seek inflation that substantially exceeds 2 percent, nor do we seek inflation above 2 percent for a prolonged period,” Powell said. The Fed slashed its benchmark overnight interest rate to near zero last March after the COVID-19 pandemic hit the United States, and has promised to leave borrowing costs unchanged until the economy reaches full employment, and inflation hits 2% and is on track to “moderately” exceed that level for some time.

Investment idea: buy 1.2000 and take profit 1.2088.

David Johnson
Analyst of «FreshForex» company
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