We recently noticed that some third-party companies and individuals impersonated the TOPONE Markets brand and illegally misappropriated our trademarks.

We Hereby Reiterate Our Statement:

  • TOPONE Markets does not provide discretionary account operation trading services, nor does it cooperate with other third-party vendors and/ or agents to provide such services.
  • TOPONE Markets staff will not promise to our customer the definite profit, please do not trust any kind of the profit promise or profit related picture, such as screenshot/ chat history, etc, all investment profit can be only viewed on our official website and application.
  • TOPONE Markets is a professional online trading platform with low spreads and zero handling fees. Be wary of any behavior that asks you for any fees directly and privately. TOPONE Markets does not charge a fee at any stage of its trading process or other fee.

If you have any questions or concerns, please feel free to reach us by clicking the "Online Customer Support" or send an email to our customer care team cs@top1markets.com. We will answer your questions and assist you promptly.

Understood
We use cookies to learn more about how you use our website and what we can improve. Continue to use our website by clicking "Accept". Details
Market News US inflation predictions reach their highest level in two weeks

US inflation predictions reach their highest level in two weeks

US inflation expectations, as measured by the 10-year breakeven inflation rate as reported by the St. Louis Federal Reserve (FRED), increased for the fourth consecutive day as of the close of the North American session on Tuesday.

Daniel Rogers
2022-06-01
916

 截屏2022-06-01 上午11.12.54.png


US inflation expectations, as measured by the 10-year breakeven inflation rate as reported by the St. Louis Federal Reserve (FRED), increased for the fourth consecutive day as of the close of the North American session on Tuesday.

 

In spite of this, the inflation rate increased from 2.63 percent to 2.64 percent amidst hawkish Fed comments and generally positive US statistics.

 

The US dollar rebounded from a multi-day low on Tuesday due to hawkish Fed comments and positive US statistics. Christopher Waller, a member of the Fed Board of Governors, stated that he favors raising interest rates by an additional 50 basis points at the next several Fed meetings and that the policy rate should be above neutral by the end of the year in order to lower demand, as reported by Reuters. In contrast, the US Chicago Purchasing Managers' Index and CB Consumer Confidence surpassed expectations for May, while the Dallas Fed Manufacturing Business Index fell to its lowest level in two years.

 

Notable is the difference between the rise in inflation expectations and the weaker May readings of the Fed's favored inflation indicator, the US Core PCE Price Index. However, the most recent remarks by US Treasury Secretary Janet Yellen underline inflation risks and hint to future Fed policy tightening.

 

The combination of greater inflation predictions and worries of rising pricing pressure may help the US dollar extend its rebound from Tuesday's monthly low.

Previous
Next

Bonus rebate to help investors grow in the trading world!

Need Assistance?

7×24 H

Download the APP for Free