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. inflation expectations fell across the board in December, according to the New York Fed's survey of consumers, with short, medium, and longer term readings all showing decreases. Median inflation expectations for the year-ahead fell 0.4ppt to 3.0%, the lowest level recorded since January 2021.
The three-year-ahead measure decreased 0.4ppt to 2.6% and the five-year gauge edged down 0.2ppt to 2.5%, the New York Fed said. Median home price growth expectations remained unchanged at 3.0%, remaining well above the series 12-month trailing average of 2.4%. (See: MNI INTERVIEW: Bullard Says March Is Too Early For Fed To Cut)
Earnings growth and spending growth expectations also decreased slightly to their lowest recorded levels since 2021, while expectations about credit access and households’ financial situation turned less pessimistic, the NY Fed survey showed.
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.