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. consumers' short-term inflation expectations rose for the first time since October according to a New York Fed Survey, with the share of households reporting it's harder to obtain credit than a year ago reaching a series high.
Median inflation expectations for the year ahead increased 0.5ppt to 4.7%, while at the three-year-ahead horizon expectations increased 0.1ppt to 2.8%, the New York Fed said. However, the median expectation at the five-year-ahead horizon decreased 0.1ppt to 2.5%. Expectations about home price growth climbed 0.4ppt to 1.8%, but remained below pre-pandemic levels.
Median household spending growth expectations increased to 5.7% in March from 5.6% in February, the first increase in the series since October 2022. (See: MNI INTERVIEW: Fed Not Done Hiking Despite Bank Pain-Cecchetti)
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.