University of Michigan inflation expectations surge to 4.6%
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University of Michigan 5-Year Inflation Rises to 3.4% vs 3.3% Forecast
University of Michigan's preliminary 5-year inflation expectation rose to 3.4% from 3.3%, exceeding forecasts. The miss suggests long-term inflation anchors are drifting higher, reinforcing hawkish Fed repricing. USD strength likely as market prices tighter monetary policy; watch EUR/USD and GBP/USD for near-term reaction ahead of Friday PMIs and jobless claims.
https://x.com/financialjuice/status/2098411364763025594Michigan 1-Year Inflation Surges to 4.6%, Beats Forecast 4.2%
University of Michigan's preliminary 1-year inflation expectation jumped to 4.6% from 4.0%, beating the 4.2% forecast by 40 basis points. The sharp upside miss signals rising consumer inflation expectations, reinforcing the hawkish Fed narrative and supporting September rate-hike pricing that markets are currently repricing into USD strength.
https://x.com/financialjuice/status/2098411352096202805New to MyTradingLand?
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