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' expectations for year-ahead price growth fell to their lowest level since April 2021, the Federal Reserve Bank of New York found in its latest survey, and longer-term expectations stayed steady.
The Fed bank's November Survey of Consumer Expectations reported the median respondent sees inflation one year from now at 3.4%, down 0.2pp from the prior month and 3.4pps from the peak. Median inflation expectations at the three- and five-year ahead horizons remained unchanged at 3.0% and 2.7%. The University of Michigan's new year-ahead reading released Friday is the lowest since March 2021 at 3.1%.
The New York Fed survey also pointed to mixed expectations about the labor marker. Respondents were less pessimistic about the year-ahead rate of unemployment, but the median year-ahead expected earnings growth declined slightly and the mean perceived probability of losing one’s job increased.
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.