US Consumer expectations for inflation | 09 August 2022

09 August 2022, GBP/USD

US Consumer expectations for inflation

GBPUSD trading plan:

Consumer expectations for US inflation over the coming years declined sharply in the latest survey by the Federal Reserve Bank of New York, a finding that may ease the Fed’s concern about ever-rising prices getting baked-in to household behavior. Expectations for US inflation three years ahead fell to 3.2% in July, from 3.6% the previous month, according to the New York Fed’s Survey of Consumer Expectations. It was the second straight monthly drop. The outlook for inflation in the coming year fell to 6.2% from 6.8%. US inflation has surged to four-decade highs in the past year, driven by pandemic-related supply shortfalls and soaring commodity prices, as well as strong consumer demand bolstered by fiscal stimulus and low interest rates.

Investment idea: buy 1.2060 and take profit 1.2111.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
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