Inflation Reality And Expectations

Crédit Agricole CIB provides a daily outlook on US inflation ahead of the June CPI release. They expect a decline in headline CPI to 3.8% and argue that consumer survey expectations are backward-looking indicators.

Key Takeaways

• 1.Headline US CPI is expected to ease to 3.80% YoY in June from 4.25% in May.
• 2.Consumer inflation surveys, like the NY Fed's, are viewed as backward-looking and reflective of current 'concerns' rather than valid 1Y-ahead forecasts.

Table of Contents

• Inflation reality and expectations
• Upcoming supply
• EUR Rates Dashboard
• USD Rates Dashboard
• Interest Rates Research advanced tools
• Red Mount Analytics
• Global Markets Research contact details
• Certification
• Foreign exchange disclosure statement to clients of CACIB
• Additional recommendation obligations
• Valuation and methodology
• MiFID II contact details
• Disclaimer

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