US inflation expectations refresh monthly low around 2.60% By anilpanchal7 Inflation UnitedStates RiskAppetite Fed
ve day by the end of Thursday’s North American session. That said, the inflation gauge dropped to 2.58% at the latest.
Hence, the market’s disbelief over inflation expectations seems to weigh on the risk appetite, which in turn keeps the sentiment heavy ahead of the key Testimony from Fed ChairIt’s worth noting that Fed’s Powell will have a tough task justifying the latest 0.75% rate hike while also uttering the recession woes at the minimum.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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