Inflation expectations rise👀

Markets on Friday maintained their pace for the week, with stocks sliding on weaker corporate forward guidance, interest rates steepening around mid- to long-dated dates on strong U.S. economic data, credit spreads widening on U.S. bond term premiums and consumer spending Weakness moved higher, while USD/Gold/BTC was able to hold on to gains throughout the week as investors turned to safety.

Last Friday, U.S. economic data were generally in line with expectations. Personal income and PCE price index were basically in line with expectations. The UM consumer confidence index rose slightly, but the one-year inflation expectation rose sharply to 4.2%, much higher than the expected 3.8%. Long-term inflation expectations also edged up to 3.0% after briefly falling to 2.8% last month.

#股市下滑 #宏观经济 #PCE物价指数 #消费者信心 #通胀预期