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.
Americans’ outlook for inflation was higher last month at the short- and longer-term horizons, while decreasing at the medium-term horizon, according to the Federal Reserve Bank of New York monthly survey of consumer expectations Monday.
The bank found in its April survey that the public sees inflation a year from now at 3.3%, up three tenths from the prior month. The expected level of inflation three years from decreased to 2.8% from 2.9% in March, while five years from now inflation is seen at 2.8% from the prior month’s prediction of 2.6%. (See: MNI INTERVIEW: Fed Will Cut Rates More Sparingly In '24 - Weber)
Median home price growth expectations increased to 3.3% after remaining unchanged at 3.0% for seven consecutive months. This is the highest reading of the series since July 2022. Year-ahead commodity price expectations rose across the board in April.
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.