The financial strength built up in U.S. households | 12 Mei 2022

12 Mei 2022, EUR/USD

The financial strength built up in U.S. households

EURUSD trading plan:

The financial strength built up in U.S. households limited the damage from the coronavirus pandemic but may now be aggravating - and prolonging - the Federal Reserve's inflation fight as the central bank waits for people to run out of spending power. The pressure - from consumers, businesses and elected officials - is clearly rising for the Fed to show progress in a fight that Powell warned last week would be unpleasant. President Joe Biden called inflation "unacceptably high" in a statement and said the Fed plays "a primary role" in slowing price hikes and criticized Republicans as having no plans to thwart inflation. The Fed has been hiking interest rates in hopes it can curb "excess" demand, and slow inflation without necessarily forcing the economy to actually contract, as it has often done in the wake of the central bank tightening credit.

Investment idea: sell 1.0528 and take profit 1.0475.

David Johnson
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.