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The Fed’s preferred indicator of US inflation, the core index of personal consumption expenditure, accelerated from 2.6% to 2.8% in February. This is above the expected 2.7%, confirming that it is too early to see a sustained downward trend in prices. At the same time, we note the second month of acceleration in income growth, […]

The post US Inflation Accelerates But Lags Income Growth appeared first on Action Forex.

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30/05/2024

EUR: German CPI Leaves Euro Weaker

Germany’s inflation rate is expected to be 2.4% in May 2024, measured by the year-on-year change in the consumer price index (CPI). Consumer prices are anticipated to rise by 0.1% compared to April 2024. Core inflation, excluding food and energy, is projected at 3.0%. Despite the removal of the energy price brake, a higher carbon […]
19/06/2024

New Zealand dollar faces growth challenges

The NZD/USD pair declined to 0.6135 on Wednesday, despite the New Zealand dollar performing much better in the previous session. It rose in response to the fall of the US dollar, which was triggered by weaker-than-expected US retail sales data. These results increased bets on an imminent reduction in the cost of lending by the […]
21/03/2025

When It All Unravels

Big trends win out in the end. New realities can take time to emerge, but when they do, things can break quickly. The US outlook is a case in point. When we commented back in January that ‘Higher interest rates and a seemingly overvalued exchange rate. One can’t help thinking that reality will bite the […]