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The US will hold its last monetary policy meeting this week and set the benchmark interest rate.
Ahead of this, a survey found that US consumers expect next year's inflation rate to be much lower than this year's, giving strength to the theory of adjusting the pace of interest rate hikes.
Correspondent Kim Jong-won reports from New York.
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A survey result has come out that American consumers expect the inflation rate to be around 5.2% one year later.
This is a 0.7% drop from the previous survey in October, the lowest level since August of last year.
The reason inflation expectations have been so low is because American consumers expect a particularly slow pace of growth in food and energy prices, which have been skyrocketing.
Although it is still much higher than the 2% inflation rate that the Federal Reserve, the central bank of the United States, is targeting, the fact that consumers' concerns about inflation have subsided to the lowest level in about 1 year and 4 months has raised inflation. The analysis that it is peaking and slowing has been strengthened.
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The survey came a day before the announcement of the Consumer Price Index, an indicator the Fed uses when setting interest rates, so expectations for adjusting the pace of rate hikes are also growing.
[Paul Kim/Simplify ETF CEO: The most important thing is how the Federal Reserve interprets the data that is out now.
Some of the factors that drove inflation are slowing.
In this respect, the fear factor for inflation seems to have disappeared.] The
Chicago Mercantile Exchange's FedWatch, which predicts the extent of interest rate hikes, puts a 75% chance that the Fed will raise interest rates by 0.5 percentage points at the monetary policy meeting two days ahead. I saw.
In this atmosphere, today (13th), the New York Stock Exchange closed the market with all three indexes rising by more than 1%.