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US DATA: NY Fed Consumer Inflation Expectations Firm A Touch

US DATA

NY Fed consumer inflation expectations all increased a tenth in November, albeit with the 3Y metric exaggerated by rounding. The longer-term measures lag the recent increase seen in the U.Mich consumer survey where the 5-10Y dipped to 3.1% in preliminary December data after a rare push above its range to 3.2% in November. 

  • 1Y: 2.97% after 2.87%, extending a broad stabilization having averaged 2.97% for the latest six months.
  • 3Y: 2.57% after 2.54%, towards the middle of the ytd range but close to the 2.6% averaged in 2019.
  • 5Y: 2.9% after 2.8%, having been either 2.8% or 2.9% since June. 
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NY Fed consumer inflation expectations all increased a tenth in November, albeit with the 3Y metric exaggerated by rounding. The longer-term measures lag the recent increase seen in the U.Mich consumer survey where the 5-10Y dipped to 3.1% in preliminary December data after a rare push above its range to 3.2% in November. 

  • 1Y: 2.97% after 2.87%, extending a broad stabilization having averaged 2.97% for the latest six months.
  • 3Y: 2.57% after 2.54%, towards the middle of the ytd range but close to the 2.6% averaged in 2019.
  • 5Y: 2.9% after 2.8%, having been either 2.8% or 2.9% since June.