This is dovish on the margin:
- one-year expected inflation to 3.2% vs 3.4% prior
- Three year inflation unchanged at 3.0%
- Five year inflation unchanged at 5.0%
- Households' labor market outlook was mostly negative
- Perception of current financial situation worsened
- Expectation of future financial situation declined
The market remains in a poor mood with the S&P 500 down 1.0%
