NY Fed one-year inflation expectations rise to 3.4% from 3.0%

  • Highlights of the NY Fed survey
New York Federal Reserve
  • One-year inflation 3.4% vs 3.0% prior
  • Three-year inflation 3.1% vs 3.0% prior
  • Five-year inflation unchanged at 3.0%
  • Year-ahead gasoline price inflation at the highest since 2022
  • Expected house price index rise 3.3% vs 3.0% prior
  • Households more pessimistic about current and future financial situations

This is obviously going in the wrong direction but it's not an alarmist kind of number.

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