NY Fed Consumer Inflation Expectations jumped despite gas relief
The New York Fed Survey of Consumer Expectations shows that Americans are growing worried about the high cost of living, as one-year inflation expectations rose from 3.5% in May to 3.7% in June, the highest level since September 2023.

The New York Fed Survey of Consumer Expectations shows that Americans are growing worried about the high cost of living, as one-year inflation expectations rose from 3.5% in May to 3.7% in June, the highest level since September 2023.

For the next three years, the poll showed that households expect inflation to rise from 3.1% to 3.3%, and for the next five years, it was unchanged at 3%.

The survey showed that expectations for gasoline prices hit its lowest level since August 2022, with US consumers seen as more upbeat about current and future personal finances. The poll showed that households' labour market expectations are improving.

Market’s reaction

The US Dollar Index (DXY), which tracks the buck’s performance versus a basket of six currencies, is up 0.10%, after hitting a two-day low of 100.81. The Greenback has recovered some ground amid geopolitical woes and elevated inflation expectations, which increase the chances of further tightening towards the end of the year.

DXY daily chart

Interest rates FAQs

Interest rates are charged by financial institutions on loans to borrowers and are paid as interest to savers and depositors. They are influenced by base lending rates, which are set by central banks in response to changes in the economy. Central banks normally have a mandate to ensure price stability, which in most cases means targeting a core inflation rate of around 2%. If inflation falls below target the central bank may cut base lending rates, with a view to stimulating lending and boosting the economy. If inflation rises substantially above 2% it normally results in the central bank raising base lending rates in an attempt to lower inflation.

Higher interest rates generally help strengthen a country’s currency as they make it a more attractive place for global investors to park their money.

Higher interest rates overall weigh on the price of Gold because they increase the opportunity cost of holding Gold instead of investing in an interest-bearing asset or placing cash in the bank. If interest rates are high that usually pushes up the price of the US Dollar (USD), and since Gold is priced in Dollars, this has the effect of lowering the price of Gold.

The Fed funds rate is the overnight rate at which US banks lend to each other. It is the oft-quoted headline rate set by the Federal Reserve at its FOMC meetings. It is set as a range, for example 4.75%-5.00%, though the upper limit (in that case 5.00%) is the quoted figure. Market expectations for future Fed funds rate are tracked by the CME FedWatch tool, which shapes how many financial markets behave in anticipation of future Federal Reserve monetary policy decisions.

超過一百萬用戶依賴 FXStreet 獲取即時市場數據、圖表工具、專家洞見與外匯新聞。其全面的經濟日曆與教育網路研討會協助交易者保持資訊領先、做出審慎決策。FXStreet 擁有約 60 人的團隊,分布於巴塞隆納總部及全球各地。
閱讀更多

實時報價

名稱 / 代碼
圖表
漲跌幅 / 價格
GBPUSD
1日漲跌幅
+0%
0
EURUSD
1日漲跌幅
+0%
0
USDJPY
1日漲跌幅
+0%
0

關於 FOREX 的一切

探索更多工具
交易學院
瀏覽涵蓋交易策略、市場洞察和金融基礎知識的廣泛教育文章,一站式學習。
瞭解更多
課程
探索結構化的交易課程,旨在支持您在交易旅程的每個階段的成長。
瞭解更多
網絡研討會
參加現場和點播網絡研討會,從行業專家那裡獲得實時市場洞察和交易策略。
瞭解更多