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 Federal Reserve Board's Index of Common Inflation Expectations, an internal gauge of longer run inflation expectations constructed from two dozen other indicators, edged up to 2.19% in the second quarter, the highest on record.
The CIE Index rose 0.02pp from the prior quarter. The series goes back to 1999, and the index combines market and survey measures into a single view of how households and businesses expect prices to behave over the next decade.
An alternative CIE index, projected onto Michigan's survey of consumers expectations over the next 5-10 years was up 0.06pp to 3.13% from the first quarter, and the highest since the record high set June 2008 at 3.16%. Fed Chair Jerome Powell cited the CIE index as one reason for the supersized 75bp rate hike in June.
Source: Federal Reserve Board
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.