The Federal Reserve Bank of New York has just released its September Survey of Consumer Expectations. The data show that one-year inflation expectations jumped to 3.9%, significantly higher than the forecast of 3.64% and last month's figure of 3.58%.
This increase is particularly notable because it reflects a return of public concern about prices continuing to rise. Higher inflation expectations are often a warning signal that prompts central banks to maintain a more aggressive monetary tightening stance.
The news immediately put pressure on financial markets, reinforcing the scenario in which interest rates remain high for longer. U.S. Treasury yields and the USD index tended to rise in response, while risk assets faced short-term correction pressure.
For the crypto market, this macroeconomic pressure could dampen new inflows from institutional investors. The price of $BTC , along with the broader cryptocurrency market, is likely to remain in a cautious consolidation phase until more official CPI reports are released.
#InflationWatch #Fed #MacroEconomics
This increase is particularly notable because it reflects a return of public concern about prices continuing to rise. Higher inflation expectations are often a warning signal that prompts central banks to maintain a more aggressive monetary tightening stance.
The news immediately put pressure on financial markets, reinforcing the scenario in which interest rates remain high for longer. U.S. Treasury yields and the USD index tended to rise in response, while risk assets faced short-term correction pressure.
For the crypto market, this macroeconomic pressure could dampen new inflows from institutional investors. The price of $BTC , along with the broader cryptocurrency market, is likely to remain in a cautious consolidation phase until more official CPI reports are released.
#InflationWatch #Fed #MacroEconomics