November 22, 2024 15:07 GMT
US DATA: Consumer 5-10Y Inflation Expectations Tilt Above Range For Cycle Highs
US DATA
USEM BulletFixed Income BulletsData BulletBulletMarketsEmerging Market NewsForeign Exchange BulletsNorth America
- 5-10Y inflation expectations break out of the typical 2.9-3.1% in the final survey for November, which captures initial fallout from the US election results after the preliminary release only ran up to Nov 4 (final survey went to Nov 18).
- The 5-10Y was revised up a tenth to 3.2% (initial 3.1), its highest since Nov 2023 and before that Mar 2011.
- Countering this impact from a market reaction perspective was the softer than first thought increase in consumer sentiment, up from 70.5 to 71.8 rather than the 73.0 touted in the preliminary survey.
92 words