Free Trial

Mixed Consumer Inflation and Labor Market Expectations In March

US DATA

The NY Fed’s consumer inflation expectations were mixed in March. Full report here.

  • The 1Y held at 3%, where it’s been for four months now.
  • The 3Y rose from 2.7% to 2.9%, the highest since Nov.
  • The 5Y fell from 2.9% to 2.6% to reverse most of the 0.4pps step higher in Feb.
  • The latest decline in the long-term measure comes with the U.Mich 5-10Y measure falling a tenth to 2.8% in the final March reading for a rare print outside of its sticky 2.9-3.1% range.

Separately: "Labor market expectations were also mixed. While expectations about earnings growth and the mean probability that the U.S. unemployment rate will be higher one year from now remained essentially unchanged, respondents’ perceived probability of finding a job decreased to 51.2% in March from 52.5% in February, the lowest reading in almost three years."

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.