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Rising US Inflation Expectations and Deteriorating Job Prospects May Hinder Fed Rate Adjustment
Summary: According to a report by FXStreet, citing data from the New York Fed's monthly survey, inflation expectations in the US rose in December, with consumers expecting prices to increase by 3.4% in the next year, up from 3.2% in November. At the same time, consumers' estimated probability of finding a new job after unemployment dropped ...
According to a report by FXStreet, citing data from the New York Fed's monthly survey, inflation expectations in the US rose in December, with consumers expecting prices to increase by 3.4% in the next year, up from 3.2% in November. At the same time, consumers' estimated probability of finding a new job after unemployment dropped to 43.1%, the lowest level since mid-2013. These data highlight the divergence among Fed officials on inflation and unemployment risks, which may hinder the Fed's policy adjustment later this month.
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Link: Rising US Inflation Expectations and Deteriorating Job Prospects May Hinder Fed Rate Adjustment [Copy]
