- Analytics
- News and Tools
- Market News
- US inflation expectations seesaw near weekly top with eyes on CPI data
US inflation expectations seesaw near weekly top with eyes on CPI data
US inflation expectations, as measured by the 10-year breakeven inflation rate per the St. Louis Federal Reserve (FRED) data, add to the market’s anxiety over the US inflation data ahead of key Consumer Price Index (CPI) figures for January.
Read: US Inflation Preview: Core CPI above 6% could spark next dollar rally
The inflation precursor grind higher past the three-month low marked in late January, with the latest moves mostly steady around 2.42%.
It should be noted, however, that the White House (WH) earlier signaled an increase in the YoY figures before WH Adviser Brian Deese said that he sees reason to think that factors boosting inflation will moderate over time.
Amid these plays, US Treasury yields ease from the highest in 2.5 years while Wall Street remains firmer amid the upbeat performance of technology shares and earnings.
That said, the market’s reflation fear is the main driver of late and any surprise reduction in the headlines US CPI for January, expected 7.3% YoY versus 7.0% prior, may add to the latest risk-on mood.
© 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
