NY Fed 1 year inflation
The monthly New York Fed inflation expectations survey is out:
- 1-year inflation seen at 3.0% vs 3.0% prior
- Three year inflation seen at 2.4% vs 2.6% prior
- Five year inflation seen at 2.5% vs 2.5% prior
- Median expected home price change 3.0% vs 3.0% prior
- Feed rise expected lowest since March 2020
- Gasoline price expected lowest since Dec 2022
The consumer mood on inflation is certainly improving and that should clear the way for lower rates at some point.
