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.
The New York Fed's median measure of three-year-ahead consumer inflation expectations declined sharply by 0.6ppts in July to 2.33%, a series low since the survey began in June 2013.
Median one-year expectations eased half a tenth in July to 2.97% and five-year-ahead expectations were relatively unchanged at 2.81%. Median home price growth expectations was unchanged at 3.0% in July, the Survey of Consumer Expectations released Monday showed. (See MNI INTERVIEW: Fed To Cut Gradually If Growth Solid - Giannoni)
Delinquency expectations continued their upward trend in July and have risen to the highest level since April 2020. The average perceived probability of missing a minimum debt payment over the next three months increased by 1.0 percentage point to 13.3% and the increase was most pronounced for those with an annual income below USD50,000 and those without a high school degree.
Source: New York Fed
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.