Expectations for US 10-Year Inflation Have Increased to a Monthly High of 2.48 Percent

The 10-year breakeven inflation rate reported by the St. Louis Federal Reserve (FRED), which measures inflation expectations, refreshed the monthly high by the conclusion of Thursday's North American session, despite the fact that the US economy had

July 29, 2022 - 12:35 PM 298 views

Expectations for US 10-Year Inflation Have Increased to a Monthly High of 2.48 Percent

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© Expectations for US 10-Year Inflation Have Increased to a Monthly High of 2.48 Percent

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The 10-year breakeven inflation rate reported by the St. Louis Federal Reserve (FRED), which measures inflation expectations, refreshed the monthly high by the conclusion of Thursday's North American session, despite the fact that the US economy had entered a "technical recession" the day before.

In spite of this, the inflation indicator just increased to 2.48 percent while maintaining the monthly top.

It should be noted that the US Q2 GDP Flash figures showed an annualised result of -0.9 percent rather than the projected 0.5 percent and -1.6 percent. The US enters a "technical recession" with the second consecutively negative GDP print, which worries Fed hawks and puts downward pressure on the US dollar.

The US Dollar Index (DXY), which recently hit a three-week low, may be supported by the recent increase in US inflation expectations ahead of the Fed's preferred inflation indicator, the Core Personal Consumption Expenditure (PCE) Price Index, for July.

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