“Sticky Inflation and Rising Prices of Key Household Staples Put Pressure on Consumer Confidentnce.”, – WRITE: www.fxempire.com
The Report Showed That Consumer Confidentnce Fell For All Age Groups But Was Detepest for Consumers Between 35 and 55 Years Old.
The Conference Board Commented: “AVERAGE 12-MONTH INFLATION Experts Surged from 5.2% to 6% in February. This Increase Likely Reflected A Mix of Factors, Including Sticky Inflation But Also The Recent Jump in the Prices of Key House House Husehold Staples Like Eggs and The Expert Impacto of Tar.
US dollar index tested session Lows as traders reacted to the weaker-Yan-expectioned CB consumer sentiment report. Currently, US Dollar Index is Trying to Settle Below The 106.25 Level.
Gold Pulled Back Towards the $ 2920 Level After the Release of the Report As Traders Focused on the Broad Sell-Off In Commodity Markets.
SP500 REMAINED Under Strong Pressure and MOVED TOWARD The 5930 Level As Traders Focused on Consumer Sentimnt Data.