- Analytics
- News and Tools
- Market News
- US inflation expectations retreat from monthly high
US inflation expectations retreat from monthly high
US inflation expectations, as per the 10-year breakeven inflation rate per the St. Louis Federal Reserve (FRED) data, ease from the monthly high by the end of Wednesday’s North American session. That said, the inflation gauge recently flashed the 2.38% mark, reversing from the previous day’s multi-day of 2.39%.
The recent weakness in the US inflation expectations fail to defy the recession fears, signaled by the inversion of the 2-year and the 10-year Treasury yield curve. That said, the US 2-year Treasury yields are higher around 3.23% while the 10-year bond coupon seesaws near 3.03% at the latest.
Overall, the inflation expectations are in recovery mode and appear to weigh on the market sentiment, which in turn can help the US dollar to regain its upside momentum, after a week of a pullback from a nearly 20-year high.
It’s worth noting that the US Dollar Index (DXY) bounced off a two-week low to snap the three-day downtrend the previous day as market sentiment soured.
Also read: Forex Today: Sentiment sours amid recession fears and ahead of the ECB
© 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
