Americans are already changing their spending | 15 Juni 2022

15 Juni 2022, EUR/USD

Americans are already changing their spending

EURUSD trading plan:

U.S. consumers' inflation expectations one year from now worsened in May but there they were still generally bullish about the strength of the labor market, underscoring the imbalances facing the U.S. Federal Reserve. Median expectations for where inflation will be in one year rose 0.3 percentage point to 6.6%, while they remained unchanged at 3.9% over a three-year outlook, the survey released by the Federal Reserve Bank of New York on Monday showed. Uncertainty on where inflation will end up over that medium term rose to a series high. Median household spending growth expectations jumped to 9.0%, a rise of one percentage point and a record high for the series while the average perceived probability of missing a minimum debt repayment over the next three months rose by 0.4 percentage point to 11.1% in May.

Investment idea: sell 1.0511 and take profit 1.0433.

David Johnson
Analyst of «FreshForex» company
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