Not encouraging for the Fed: New York Fed 5-year inflation expectations ticked up to 3% from 2.8%. UMich longer-term inflation expectations have also climbed a bit lately. Probably not enough to make officials freak out, but definitely something that they'll be keeping an eye…

This table, from @NickTimiraos, is notable for several reasons, including the wide (0-100 bps) forecasts for #FederalReserve interest rate reductions in the context of universal agreement that the first cut, if we get one, would not come until September at the earliest. #economy pic.twitter.com/pW9mtKeaUC

From the @WSJ article, "Americans Really, Really Hate #Inflation—and That’s a Big Problem for the #Fed: The Fed for years has targeted 2% inflation. Some economists think 4% would give the Fed more room to get out of downturns." #economy #markets #federalreserve #econtwitter pic.twitter.com/his62jzVRI

🇺🇸 #Weekahead | #Inflation, #Fed meeting to give clues for U.S. market direction - Reuters www.reuters.com/markets/us/wall-st-week-ahead-inflation-fed-meeting-give-clues-us-market-direction-2024-06-07/