The New York Fed’s March inflation forecasts added further upward pressure on Treasury bond yields and the dollar Monday as investors look to one final rate hike from the central bank next month in Washington following Friday’s surprisingly solid jobs report.
Year-ahead inflation expectations jumped by 50 basis point to 4.7% in March, the New York Fed said in its closely-tracked Survey of Consumer Expectations, even as participants noted the tightest overall credit conditions since 2015 in the wake of the Silicon Valley Bank collapse and the closure of Signature Bank shortly afterwards.
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