NY Fed 5-year inflation 2.4% vs 2.2% in Sept survey

  • The latest inflation expectations data from the New York Fed
  • 1-year inflation 5.9% vs 5.4% in Sept
  • 3-year inflation 3.1% vs 2.9% prior
  • Expected home-price inflation flat vs +2% prior
  • Year ahead expected household income growth hits record +4.3%
  • Expected unemployment at highest since April 2020

These aren't great numbers for the Fed but expectations tend to lag.

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