US one-year inflation outlook climbs to 3.9% in September: NY Fed
US one-year inflation expectations rose to 3.9% in September, the highest since May 2023, according to a New York Fed survey.
US one-year inflation expectations rose to 3.9% in September, the highest since May 2023, according to a New York Fed survey.
FOMC minutes show most participants expect a rate hike by year-end, with many viewing current policy as not restrictive.
One-year inflation expectations in the New York Fed survey rose to 3.9%, the highest level since 2023, while the five-year measure held steady at 3%.
Temasek's investment chief identified AI trade unwind and inflation as the biggest risks for global markets in 2027, while planning to boost AI allocation.
US jobless claims data this week may show if weak hiring is turning into layoffs after a poor September payrolls report.
Australian households are weathering rate hikes better than expected, with debt-to-asset ratio at lowest since 1997, Deutsche Bank says.
The RBI is expected to raise the repo rate by 25bp to 5.50% today, though MUFG forecasts a hold. Decision at 10:00 am IST.
RBI is expected to hold the repo rate at 5.25% today, but MUFG sees this as temporary and forecasts hikes in December and February.
Japan's inflation-adjusted wages rose 1.5% in August, the eighth straight monthly gain, bolstering the Bank of Japan's case for further rate increases.
The Reuters Tankan survey showed Japanese manufacturer confidence at a near five-year high, while services fell six points.
Kansas City Fed President Schmid says labor market is solid but more work needed on inflation. He supported September's rate hike.
BOJ Governor Ueda said underlying inflation is nearing 2%, with markets pricing about 64% odds of a December hike.
The BOJ may signal in October that underlying inflation has roughly reached 2%, giving markets more reason to expect a December rate hike.
Treasurer Jim Chalmers warned that rising global bond yields will increase Australia's budget costs as cheap debt matures.
Australian consumer sentiment fell sharply after the RBA's latest rate hike, with Westpac predicting another increase in November.