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- US inflation expectations extend pullback from all-time high ahead of Fed
US inflation expectations extend pullback from all-time high ahead of Fed
US inflation expectations, as per the 10-year breakeven inflation rate per the St. Louis Federal Reserve (FRED) data, remain on the back foot for the second consecutive day by the end of Tuesday’s North American trading session.
In doing so, the inflation gauge dropped to 2.84% after refreshing the all-time high with a 2.94% figure on Friday.
Despite the latest pullback, the inflation expectations do suggest an upside risk and can push the US Federal Reserve (Fed) to rethink over 0.50% rate hike in today’s Federal Open Market Committee (FOMC).
Read: Fed Interest Rate Decision Preview: Is history a guide?
In addition to the Fed’s verdict, the peace talks between Russia and Ukraine in Turkey and China’s covid woes are also the key risk catalysts to watch for today.
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