Review of U.S. data- Nomura

By FXStreet Analysts at nomura offered a review of the NY Fed Survey of Consumer Expectations.

Key Quotes:

“The three-year-ahead median density inflation expectations improved notably in April, to 2.8% from 2.5%.

However, the median point predication was little changed at 3.15% compared with 3.10% previously.

This is the highest reading since September 2015. The University of Michigan will release the preliminary results from its May consumer sentiment survey on Friday. An improvement in the 5- to 10-year inflation expectations measure from this survey, coupled with the improvement seen today, would be a positive sign that inflation expectations may be starting to firm.

This would give the FOMC more confidence that actual inflation will eventually move back to its 2% target.”
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Source:: FX Street