© Reuters
Investing.com – The Federal Reserve Bank of New York forecast an increase in inflation expectations, according to the latest reading. Expectations for March reading next year indicate that inflation will stand at 4.7%, higher than February’s reading of 4.2%.
The survey also showed that Americans are more pessimistic about credit activity in the United States due to pressure from banks.
The survey also showed that the five-year inflation forecast rose from 2.4% to 2.5%.
After reading the probability of a lift increased by 25 basis points.
The American rose today, recording a level of 102.240, which imposed price pressures on the commodities market to witness a strong decline of 1% in the spot and futures contracts, as well as witnessing a decline of 1% for WTI contracts and oil.
The movement of the markets reflects the data issued on Friday, which indicated the continued strength of the US labor market, and that the weakness that afflicts it is very weak and very slow, which allows the Federal Reserve to tighten monetary policy further than it is, especially in light of the signs that the banking crisis that hit the economy. in the second half of last March, gradually coming to an end without harsh repercussions on the economy.
The statements of all members of the Federal Reserve indicate that interest will continue to rise for a long period of time, although the markets believe that the Fed will cut interest rates by the end of this year at least twice.
When data comes out on Wednesday, the markets will have a clearer view.
For free, the financial analyst, Muhammad Ghabari, provides you with glimpses of the best methods of technical analysis, its most famous models, and how to read charts, in a free seminar (Webinar) on April 13 at 10:00 pm Riyadh time. All you have to do is register here.
