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 reversed course and upped their inflation expectations in February amid the Ukraine crisis, according to a Federal Reserve Bank of New York survey published Monday.
Year-ahead median inflation expectations increased 0.2ppts to 6%, matching the series' high set in November which goes back to 2013, while three-year-ahead median inflation expectations increased 0.3ppts to 3.8%. The increases reverse some of January's declines, and come as some have expressed concern that rising energy costs could further strain consumers' price views.
The New York Fed survey also shows a spike in consumer spending views to a series high, with median year-ahead household spending growth expectations jumping 0.9ppts to 6.4%. The increase came even as households downgraded slightly their views about future income growth.
Note: New York Fed Survey of Consumer ExpectationsSource: New York Federal Reserve
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.