June 10 Macro data interpretation: US New York Fed 1-year inflation expectations in May Recommended index: ★★
US New York Fed 1-year inflation expectations in May, as an important member of the US federal agency, the New York Fed gives inflation expectations for May, which will convey to the market the outlook for the future economy and inflation.
Data influence: ★★
Data credibility: ★★
Data: previous value 3.26% announced value 3.17%
Announcement time: 23:00
Impact:
The main game this week is the inflation issue. Last week's employment situation, although the overheated job market brought short-term negative impact to the market, the unemployment rate has successfully reached 4%. Whether it will lead to the Fed's idea of cutting interest rates will be the theme of this week.
Unemployment rate and inflation will be the main indicators for the Fed to consider cutting interest rates. At present, the unemployment rate is still reached, and the rest depends on inflation. The inflation expectations given by the New York Fed have been reduced, which is also a boost to consolidate the Fed's next interest rate cut, but whether to talk about interest rate cuts still depends on the Fed's dot plot and Powell's speech in the early hours of Wednesday.
The unemployment rate in May reached 4%, and the non-farm data is still hot, which has brought a lot of suspicion to the market. The theme of the market betting is whether Powell will quote the unemployment rate of 4%, or will ignore or prevaricate it. After all, the short-term unemployment rate plus the overheated non-farm data cannot directly represent the true situation of the US job market. Therefore, if the Fed wants to avoid talking about interest rate cuts, there are still enough reasons. If the Fed avoids the topic of interest rate cuts again, the market will usher in more disappointment.
