🧐Unpacking U.S. Inflation and Housing Market Resilience

Your weekly digest with top market trends💥

Weekly Market Recap March 3  - March 9, 2024 This step-by-step guide shows you a way to find the most heavily trending markets, BEFORE you look at any charts!  Exciting, isn’t it? But there’s more! You'll also learn valuable insights on maximizing profits in Forex and effectively managing risks. Get your copy here👉 Hi, What an action-packed week that was! The spotlight for the week was on the Federal Reserve’s favored inflation gauge. In January, U.S. inflation remained steady, with the Personal Consumption Expenditures (PCE) price index increasing by 0.4% for the month and 2.8% from a year ago.  These numbers align closely with the Federal Reserve's inflation target, supporting expectations of potential rate cuts later this year. The data underscores the Fed's cautious approach amid economic fluctuations. However, note that last week's release of Fed minutes indicated a measured approach to interest rates, signaling no rush for cuts.  Stay tuned for deeper insights during the upcoming March monetary policy meeting. Our top analysts are already capitalizing on this development in today’s market. Click here to see their trades. Here's a scoop of other market movers from the week: 1. U.S. Consumer Confidence: American consumers are showing signs of wavering confidence, with the Conference Board's consumer confidence index dropping to 106.7 from January's revised 110.9. This marks a notable shift in sentiment despite recent positive economic indicators.  2. Housing Market: The U.S. housing market continues to demonstrate resilience. January saw a 1.5% increase in sales of new single-family homes, reaching a seasonally adjusted annual rate of 661,000. Click here to know how we are trading this news. 3. China's Manufacturing PMI: China's manufacturing activity contracted for the fifth consecutive month in February, with the purchasing managers' index (PMI) dropping to 49.1 from 49.2 in January. 4. Eurozone Inflation Trends: Eurozone inflation dipped further this month. Inflation dipped to 2.7% from 3.1% in Germany, to 3.1% from 3.4% in France, and to 2.9% from 3.5% in Spain, with falls driven primarily by energy and food prices.  So, that’s a wrap! Stay tuned for more insights and analysis in the coming week! For effective market strategies our analysts are using to trade the above data, check out this exclusive trading masterclass >> To your success, Tad DeVan Senior Currency Strategist Market Traders Institute . TRADE OUR PREDICTION 🚀 BIG Trade in USOIL - time’s running out! USOIL is our NUMBER ONE play of Q1. There’s still time to follow along with this play. Make sure you see this. There’s a reason people call crude oil Black Gold. And we’re going to show you why in a special LIVE trading webinar.  The opportunity at stake is unbelievable. We’re targeting 5,500 pips off this one move!!! Mark my words, this opportunity could be the biggest one of the entire year.  We’re going to show you everything in the webinar. Save your spot here. TRENDS WE ARE TALKING ABOUT Monday 11:00 AM EST The USD Was Up 9 weeks in a Row. The JPY Can Be Your Next Trade. See it LIVE The strong move in the Dollar came from rising interest rates. The Bank of Japan can lead the Yen the same way. Even a hint of rate movement can send the Yen on a massive run. See how to trade it LIVE. REGISTER FOR FREE → Monday 1:30 PM EST  The ABCD Pattern with AUTOMATION in the FOREX Market See the method and tools our traders are using to get results in the market, LIVE.   REGISTER FOR FREE → Monday 7:00 PM EST See How Our Students Use the Hybrid Trading Room to Get RESULTS in the FOREX Replicating what works is the key to success. Instead of trial and error, you can replicate our trades. See How to do it in this LIVE Webinar and be ready to trade the FOREX as soon as Wednesday.   REGISTER FOR FREE → *Predictions are not a guarantee of this or any result. Information provided on this prediction is for general information purposes only. We offer no representation or warranty with regard to this prediction. No prediction is personalized or otherwise directed at any individual or particular circumstances. We disclaim and will not accept any liability for losses associated with this prediction. **Predicted movements expected to last from 1st January, 2024 through 31st March, 2024. Copyright © 2024 Market Traders Institute 2301 Lucien Way Maitland, FL, 32751 International: 407.585.2417 USA & Canada: 866.787.8558 Click here to Manage Your Email Preferences All trading carries significant risk. Please see our full risk disclaimer.