New York Fed inflation expectations for 1-year rises to 3.3% from 3.0%

New York Fed inflation expectations shows:

• 1-year rises to 3.3% versus 3.0%
• 3-year falls to 2.8% from 2.9% last month
• 5-year was is to 2.8% from 2.6% last month

also,

• Confidence increases in keeping one’s job, decreases in finding a new one
• Expectations for home prices, commodities all rise
• Earnings growth expectations decline to 2.7% but remain above pre-pandemic trends.

Fed is likely not happy that inflation is being anchored near 3%. Recall last week the Michigan one year inflation expectations also came in stronger than expected.

This article was written by Greg Michalowski at www.forexlive.com.