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.
U.S. consumer expectations for inflation a year from now fell eight tenths to 4.2% in February, according to the latest New York Fed survey, while expectations at the three-year horizon were unchanged at 2.7% and at the five-year horizon increased a tenth to 2.6%.
"Expectations about year-ahead price increases for gas, food, cost of rent, college education, and medical care all declined," the Fed bank said. Consumers' year-ahead inflation expectations are now the lowest since May 2021.
(See: MNI INTERVIEW- Fed Will Hike Rates To 6% Or More–Gorodnichenko)
Labor market expectations improved, with unemployment expectations and perceived job loss risk decreasing and job finding expectations increasing, the Fed bank said. "Expectations for voluntary job quits reached the highest level since the start of the pandemic."
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.