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- US inflation expectations rise to one-week high
US inflation expectations rise to one-week high
US inflation expectations, as measured by the 10-year breakeven inflation rate per the St. Louis Federal Reserve (FRED) data, printed a two-day recovery after struggling around the early October lows. That said, the inflation gauge recently rose to the highest since December 10, while flashing a 2.44% level, per the FRED website.
It’s worth noting that the jump in inflation expectations back Friday’s comments from Federal Reserve Governor Christopher Waller who raised fears of a rate hike in March 2022, which in turn should propel the yields and challenge the latest run-up of Antipodeans, as well as commodities.
Read: Prepare now for “shock and awe” inflation, or suffer the consequences…
However, today’s slew of economics from the US, including the headlines CB Consumer Confidence for December and Q3 GDP, will be crucial for short-term market direction.
Read: Conference Board Consumer Confidence December Preview: Where do Americans turn for optimism?
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