U.S. Short-Term Inflation Expectations Rise, Market Bets on Inflation Climbing to 3% in the Coming Year

Odaily News: Traders anticipate that U.S. consumer inflation will accelerate over the next 12 months as the Iran conflict persists. Data from Refinitiv shows that bets in the inflation swap market reflect expectations of inflation around 3% in the coming year, higher than the level of about 2.4% at the end of February. The market indicates that inflation concerns are primarily concentrated in the short term. Expectations for the 12-month inflation rate starting one year from now remain relatively moderate, at around 2.4%. (Jin10)