US Michigan 5 Year Inflation Expectations Prel (Jan) 3.4% vs. Exp. 3.1% (Prev. 3.2%)
The preliminary Michigan 5-Year Inflation Expectations for January came in at 3.4%, exceeding expectations of 3.1% and up from the prior 3.2%.
US President Trump is said to be considering issuing an order on California home building, CNBC reports
US Supreme Court will not rule today on the US Trump tariff case
US Michigan 5 Year Inflation Expectations Prel (Jan) 3.4% vs. Exp. 3.1% (Prev. 3.2%)
US Labour Secretary Chavez-Deremer says the economy is well positioned for further growth, following Dec. payrolls data
White House Economic Adviser Hassett says he will accept the Fed job if offered, via Fox News
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This uptick could indicate a growing concern over medium-term inflation, which may have implications for monetary policy as it suggests that consumers anticipate higher prices. Watch for potential market reactions in rates and the USD as this data could influence investor sentiment regarding future Fed actions.
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