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- US inflation expectations poke record high around 3.0%
US inflation expectations poke record high around 3.0%
A retreat in the US Treasury yields and market anxiety fails to justify the firmer US inflation expectations during Thursday’s Asian session.
That said, the US inflation expectations, as per the 10-year breakeven inflation rate per the St. Louis Federal Reserve (FRED) data, rose to the all-time high level of 2.94% marked earlier in the month by the end of Wednesday’s North American trading session.
In doing so, the inflation gauge rose for three consecutive days while justifying hawkish comments from the Fed speakers, mainly St Louis Fed President James Bullard and Cleveland Fed President Loretta Mester.
Other than the inflation expectations, today’s US PMIs for March and Durable Goods Orders for February, as well as US President Joe Biden’s meeting with Atlantic Treaty Organization (NATO) friends, will also highlight Thursday as the key day of the current week.
Read: S&P 500 Futures print mild gains, Nikkei 225, yields stay pressured ahead of Biden-NATO meet
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