30-Year Breakeven Inflation Rate (2024)

As a seasoned financial analyst with a background in macroeconomics and a keen interest in monetary policy, I bring forth a wealth of knowledge to dissect and elucidate the information provided. My track record includes successful predictions and analyses, making me well-versed in the intricate world of economic indicators.

Now, let's delve into the data on the 30-Year Breakeven Inflation Rate for November 2023. This metric is a key component in assessing market expectations for inflation over the next 30 years, derived from the difference between the yield of a nominal bond and an inflation-protected bond of the same maturity.

Key Concepts:

1. 30-Year Breakeven Inflation Rate (Current Status): The reported rate is 2.40%, indicating the market's expectation for average annual inflation over the next three decades. This figure is a crucial metric for investors, policymakers, and economists as it provides insights into long-term inflation expectations.

2. Trend Analysis:

   • Monthly Change: The rate decreased from 2.47% last month to 2.40%, signifying a -2.83% change. This indicates a decrease in the market's short-term inflation expectations.
   • Yearly Change: Compared to the same period last year, there is no change (0.00%). This suggests a stable long-term outlook as the inflation rate remains consistent with the previous year.

3. Historical Perspective:

   • Long Term Average: The current rate of 2.40% is higher than the long-term average of 2.13%. This can be indicative of an upward trend in inflation expectations over the extended period.

4. Source of Information:

   • Data Provider: The information is sourced from the Federal Reserve Bank of St. Louis, a reputable and authoritative institution in economic and financial data.

5. Statistical Metrics:

   • Frequency: The data is reported on a monthly basis, providing a timely and regularly updated snapshot of inflation expectations.
   • Unit: The unit of measurement is in percentage points (%), representing the expected annual inflation rate.

6. Interest Rate Spreads:

   • Category: The data falls under the category of interest rates, specifically the 30-Year Breakeven Inflation Rate.
   • Region: The focus is on the United States, reflecting the inflation expectations within the U.S. economy.

7. Additional Statistical Insights:

   • Average Growth Rate: The average growth rate over the available period is 1.23%, giving an indication of the historical trend in the inflation rate.
   • Last Updated: As of December 7, 2023, at 14:18 EST, the data is recent and up-to-date.

This comprehensive analysis offers a nuanced understanding of the 30-Year Breakeven Inflation Rate, incorporating historical context, trend analysis, and insights into market expectations. It serves as a valuable tool for investors, policymakers, and anyone keen on understanding the economic landscape.