NY Fed inflation expectations: Three-year inflation expectations 2.9% vs 2.7% prior

• One year inflation 3.0% vs 3.0% prior
• Three year inflation expectations 2.9% vs 2.7% prior
• Five year inflation 2.6% vs 2.9% prior
• Expected home price increase 3.0% vs 3.0% prior

The three-year number has sequentially moved from 2.4% to 2.7% to 2.9% in a worrisome sign but the drop in the five-year might tell the Fed it’s just noise. I wonder if the 1-year starts ticking up with oil prices.

Other headlines:

• Year ahead expected wage growth +2.8% vs +2.8% prior
• Fear of missing debt payments was highest in four years
• Household view of personal finances improved modestly in March

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