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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

US Consumer Spending Surges, Consumer Prices Crash Following Inflation

May, 02 2017
watermark Economic news

American consumer spending grew at a steady rate last month following an inflation surge, enabling the nation’s economy to revert from yet another winter breakdown. However, consumer prices dropped and investors took it as a sign of intrinsic weakness, which could hamper the Fed’s possible move towards an interest rate hike anytime soon. On the other hand, personal consumption rates surged by 0.3% following two months’ worth of consecutive drops in value according to the US Commerce Department.

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.