- Analytics
- News and Tools
- Market News
- US inflation expectations drop to two-month low
US inflation expectations drop to two-month low
US inflation expectations, as measured by the 10-year breakeven inflation rate per the St. Louis Federal Reserve (FRED) data, dropped for the fifth consecutive day to test lowest levels since October 06 by the end of Wednesday North American session, per the data source Reuters. In doing so, the inflation gauge prints a 2.44% level at the latest.
The fall in the inflation expectations could be linked to Fed Chair Jerome Powell’s testimony 2.0. Fed’s Powell reiterated his inflation fears but also said he still believes inflation will come down “meaningfully” in the second half of 2022 during testimony in front of the House Financial Services Committee.
It should be noted, however, that worsening Omicron woes pushed New York Fed President John C. Williams to convey fears of more supply outages and a jump in inflation.
With this, the US 10-year Treasury yields dropped to the lowest since late September as bond buyers attack the 1.40% mark ahead of the key US jobs report for November.
Read: US nonfarm payrolls take center stage after Powell’s hawkishness
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
