January survey of consumer expectations
- Household spending expectations lowest since Jan 2016
- Inflation expectations highest since Summer 2015
- 3-year inflation expectations 2.9% vs 2.8% prior
The Fed is keeping a close eye on inflation and inflation expectations so this could move the needle in an otherwise quiet day. If inflation expectations rising is something Yellen talks about tomorrow, the market could bump up the chance of a March hike to close to 50%.
