© Reuters.
Investing.com – Markets witnessed noticeable movements during the last few moments of trading on Tuesday, immediately after the revelation of a survey conducted by the US Federal Reserve Bank in New York regarding inflation expectations.
The survey reported that it rose by 0.1% over the next five years, and it was expected to rise after a year to 3.6% in August compared to 3.5% in July.
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The survey expected inflation during the next five years to reach about 3.0%, compared to 2.9%. As for inflation expectations 3 years from now, it is expected to reach 2.8% compared to 2.9% in July.
Meanwhile, income growth expectations for August fell, while expectations of a job decline rose sharply to their highest level since April 2021, the survey reported.
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While estimates of current credit conditions and expectations of future conditions declined. In addition to the deterioration of families’ expectations about their current financial conditions and their expectations for the future.
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Markets now
Gold prices have now deepened their declines, falling by 0.71% to $1,933 per ounce.
While it fell by 0.61% to $1910 per ounce.
On the other hand, it rises by 0.28% to 104,480 points.
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2023-09-12 13:50:00
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