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The rapid inflation in the U.S.

The rapid inflation in the U.S. | 16 March 2022

16 March 2022, USD/JPY

The rapid inflation in the U.S.

USDJPY trading plan:

Prices paid to U.S. producers rose strongly in February on higher costs of goods, underscoring inflationary pressures that set the stage for a Federal Reserve rate hike this week. The producer price index for final demand increased 10% from February of last year and 0.8% from the prior month, Labor Department data showed. The data reflect the biggest monthly gain in the price of goods in data back to 2009, with two-thirds of the increase due to energy. It’s the latest indication of rapid inflation in the U.S. That bolsters the case for the Fed to be aggressive in tamping down inflation in the coming months.

Investment idea: buy 118.09 and take profit 118.55.

David Johnson
Analyst of «FreshForex» company
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