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up even the price of oil has gone up a little. so what is going on? well, investors are looking ahead to the latest us inflation data which is out later today. the consumer price index figures will be closely watched by the us federal reserve as it begins its twoday meeting to decide on its next move on interest rates. consumers in america feeling more confident inflation is on its way down, according to the latest by the federal near term inflation expectations and for two years. the survey is a closely watched metric, because of consumers believe inflation will fall, they will already adjust spending patterns in anticipation of what is to come. those consumer expectations happen to die pretty closely with what economists are expecting for the latest inflation figures. they will likely show inflation went up slightly month over month but it will drop year over year. month but it will drop year overyear. numbers month but it will drop year over year. numbers like that w ....
with what economists are expecting for the latest inflation figures that they will likely show that inflation went up slightly month over month, but it will drop year over year. numbers like that would be encouraging for the us federal reserve as it debates whether or not to make a change to interest rates. well, the us central bank started hiking rates aggressively last year. authorities have hiked rates ten times marking the fastest tightening cycle since the 1980s. expectations are high that this time , they might pause. earlier, i spoke with market strategist charu chanana, and she gave me her outlook for the us federal reserve. expectations are built in for the next two quarters. this time. i think the markets are being complacent about that slow down in information that you just talked about as well as a potential fall or skip, whatever you might call it. if you remember, last week we got some hock wish trends in the market from the reserve band of australia and ....
watched metric because if consumers believe inflation will fall they will already adjust their spending patterns in anticipation of what is to come. those consumer expectations happened to jibe pretty closely with what economists expect for the latest inflation figures. they will likely show that inflation went up slightly month over month but it will drop year over year. month but it will drop year overyear. numbers month but it will drop year over year. numbers like that will be encouraging for the us federal reserve as it debates whether or not to make a change to interest rates. the us central bank started increasing the rate of borrowing aggressively last year. authorities have hiked rates ten times since marking the fastest tightening cycle since the 19805. expectations are high that this time it may pause. i spoke with a market strategist earlier who gave us her outlook for the us federal reserve. , . ., ., , ., her outlook for the us federal reserve. , ., ., res ....
to go above 30,000. japan has just released growth figures. asia s second biggest economy grew 1.6% on annualised rate, much better than what had been predicted. i spoke to neil newman from macquarie capital. we have been closely watching wage growth, the wage number, which hasn t really filtered through into anything visible as yet. the gdp number certainly does indicate there is a large amount of the domestic economy now contributing to this. as you mentioned cap ex, business spending was up 0.9 on the annual basis, way ahead of expectations. but even private consumption was also up, 0.6% against the market consensus of 0.4. even though it appears the wage number we have been looking at, the last numbers were in march, they were not that impressive, in fact they were quite depressing. the next key one will be injune, april s numbers, and that s when we will start to see the increase in overall wages. of course it s notjust the wage number that contributes to all of th ....
second biggest economy grew 1.6% on annualised rate, much better than what had been predicting, thanks to private consumption and an unexpected rise in capital expenditure. let s bring in neil newman from the quarry capital who joins us live from tokyo. thank you for joining us. the data has come out a lot stronger than expected, talk us through what s been doing quite well. this is a very big and positive surprise. we have been closely watching wage growth, the wage number, which hasn t really filtered through into anything visible as yet. the gdp numbers certainly does indicate there is a large amount of the domestic economy contributing to this. as you mentioned cap ex, business spending was up on the annual basis, way ahead of expectations. but even consumption was also up, 0.6% against the market consensus of 0.4. even though it appears the wage number we have been looking at, the last numbers in march, they were not that impressive, in fact they were quite depress ....