US inflation expectations hit May high ahead of Fed's October meeting
- —Year-ahead inflation expectations rose to 4.7% from 4.6%
- —Longer-run expectations increased to 3.5% from 3.4%
- —Consumer sentiment index held at 48.0 versus 48.1
- —Fed policy meeting scheduled for October 27–28
Why it matters: Rising expectations make it harder for the Fed to sound relaxed on inflation, feeding into rate expectations, cash yields and demand for volatile assets like bitcoin.
Source: NewsBTC