By Howard Schneider
WASHINGTON (Reuters) – One-year inflation expectations in the United States have soared since Russia’s invasion of Ukraine and long-term prospects have also begun to improve, a development likely to be closely watched by the Federal Reserve in its battle to maintain price pressures under control.
A new daily https://www.theice.com/iba/usd-inflation-indexes released on Tuesday by the London-based ICE Benchmark Administration (IBA) showed the expected pace of consumer price increases in next year going from 3.5% on February 1st to 5.24% on March 7th.
The index is based on trades in the inflation-protected Treasuries market, which moves around US$300 billion per month, and operations with inflation swap contracts, which rotate US$100 billion monthly.
Forecast inflation over longer ten- and six-year horizons has also risen sharply since the start of the war in Ukraine, with rates on Monday around 2.43% and 2.73% respectively, significantly above the target increase. annual price of 2% of the Fed, showed the index.
know more
+ Omicron: Unexpected symptom of infection in children worries medical teams
+ Mercadão de SP vendors threaten customers with fruit scam
+ Video: Mother is attacked on social media for wearing tight clothes to take her son to school
+ Horoscope: check today’s forecast for your sign
+ What is known about fluorone?
+ Trick to squeeze lemons becomes a craze on social media
+ ‘Monster Ichthyosaur’ is discovered in Colombia
+ One twin became vegan, the other ate meat. Check the result
+ See which were the most stolen cars in SP in 2021
+ Expedition identifies giant squid responsible for ship sinking in 2011
+ US Agency warns: never wash raw chicken meat
#index #shows #rising #inflation #expectations #ISTOÉ #DINHEIRO