One year inflation expectations 2.9% versus 3.0% last month. That is the lowest in four yearsThree-year inflation expectations 2.5% versus 2.7% last monthFive-year inflation expectations 2.8% versus 2.9% last month
other details :
Consumers in October saw lower likelihood of missing a minimum debt payment for the first time in five monthsConsumers in October saw lowest likelihood of a rising US unemployment rate over the next year since February 2022Consumers saw lower chance of losing current job and improved prospects for finding a new job if current job were lostUnemployment expectations decline to 34.5%, lowest since February 2022Probability of finding a job increase the highest level since October 2023
This is good news is inflation expectations help to keep a lid on actual inflation. Nevertheless yields remain near highs for the day.
2 year 4.321%, +6.7 basis points5-year 4.281%, +8.9 basis points10 year 4.390%, 8.2 basis points
US stocks are lower:
Dow -0.38%S&P -0.33%NASDAQ -0.14%
This article was written by Greg Michalowski at www.forexlive.com.
