NY Fed one-year inflation expectations fall to the lowest since January 2021

The monthly New York Fed inflation expectations survey is out and it’s dovish:

  • 1-year seen at 3.0% vs 3.4% prior
  • Three year seen at 2.6% vs 3.0% prior
  • Five years seen at 2.5% vs 2.7% prior
  • Median expected home price change 3.0% vs 3.0% prior

The spell of inflation may finally be broken.

This is an important survey for the Fed and should give the confidence in a pivot, or ‘toggle’ as Barkin called it last week.

This article was written by Adam Button at www.forexlive.com. Source