US inflation expectations print four-day rebound from early October lows

US inflation expectations, as measured by the 10-year breakeven inflation rate per the St. Louis Federal Reserve (FRED) data, rise to the highest leve  |  09/12/2021 01:03

US inflation expectations, as measured by the 10-year breakeven inflation rate per the St. Louis Federal Reserve (FRED) data, rise to the highest level in December during the four-day run-up by the end of Wednesday’s North American session, per the data source Reuters.

In doing so, the inflation gauge bounced off the nine-week low to print 2.52% at the latest.

The steady recovery in the inflation expectations underpins the US Treasury yields ahead of the Consumer Price Index (CPI) data and weighs on the market sentiment.

Read: USD/JPY approaches 114.00 as coronavirus propels yields

That said, the US 10-year Treasury yields rise 1.4 basis points (bps) to 1.52%, up for the fourth consecutive day, whereas S&P 500 Futures print mild losses at the latest.

Reuters' latest poll on the Fed rate hike confirms the bullish bias while expecting sooner action.

Read: Fed to lift rates in Q3 2022, but risk it comes sooner – Reuters Poll

It's worth noting that the global rating giant Fitch recently said, "Inflation is prompting global monetary policy normalisation."

"Short-term oil and gas prices have risen, while long-term oil prices have remained unchanged," adds Fitch.

Share

Popular News

Show More Popular News

Market Insight's Views

Market Insight analyses will provide both fundamental and technical comprehensions on FX
and other asset classes for Market Insight viewers

RISK WARNING

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you then this should be solely at your discretion and GKFX will not be held accountable in any way.

  • ForexF
  • IndicesI
  • CommoditiesC
        Back

        Login to Market Insight Account

        Your Market Insight account gives you access to the tools that we offer our customers including our
        Technical Studies & Sentiment for your accounts.

        Forgot Password?

        Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

        Create a Market Insight's Account

        Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

        register_ty

        Thank you!

        Welcome to Market Insight family!

        You have succesfully completed the registration.
        We will send you an e-mail to give you some
        instructions and our Terms and Conditions!
        Our account representatives will be contacting you as
        soon as possible. If you have any further questions
        please do not hesitate to mail us via info@marketinsight.com