Free Trial

U.Mich Inflation Expectations Firm, LR Further Into Recent Range

US DATA
  • 5-10Y inflation expectations surprisingly ticked up a tenth in the preliminary Nov print to leave them more firmly in the 2.9-3.1% range.
  • It has been in that range every month since Jul’21 barring a surprise dip to 2.7% in Sep.
  • Short-term expectations 1Y out meanwhile also increased a tenth to 5.1% as expected, remaining off highs but further confirmation of a bucking of the prior downward trend.
  • The survey period for the preliminary print started Oct 26 and closed Nov 9, the day before yesterday’s lower than expected CPI.
  • Despite sentiment also sliding (from 59.9 to 54.7 vs 59.5 expected), there has been little reaction with the US out on Veterans Day, BBDXY largely unchanged.

To read the full story

Close

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.