According to CNBC, the US Department of Commerce stated that retail spending was “adjusted for seasonality but not inflation”. This performance was, however, better than the April 2024 0.2% drop. Compared to the retail spending a year ago, the latest was up by 2.3%. Fuel spending dipped by 2.2%, but the 2.8% hike recorded by…
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Everyone – from investors and consumers to authorities and analysts – anticipated inflation relief. Instead, price stresses continued, and, following the confirmed information, the Dow Jones Industrial Average lost almost 500 points when it dropped by 2.4%. CNBC quoted Jason Furman, a Harvard economist, who commented: Fool me once, shame on you. Fool me twice,…
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On the other hand, a surprisingly high inflation number could lead to investors pricing-in an even more aggressive Fed, in a dynamic that would further strengthen the US dollar. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not reflect the opinions of LeapRate. This is not a trading…
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The following article was submitted by Michael Stark, market analyst at Exness. The focus of economic data for forex markets this week is on GDP growth in the eurozone, Canada and the UK. American inflation and retail sales are also likely to have significant effects on markets in the second half of the week. Last…
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