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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.
US
The drop in long-term inflation expectations is the standout from July's UMichigan survey.
- The 5-10Y reading fell sharply to 2.8% from 3.1% prior, the lowest since July 2021.
- That's still probably above a level that will give Fed policymakers much comfort, but it's closer to the mid-2s range that prevailed pre-pandemic.
- Most importantly, the direction of travel suggests that inflation expectations are not becoming unanchored, at least per the Michigan survey alone.
Source: UMichigan, MNI
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.
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