NY Fed survey on consumer expectations: 1Y inflation exp. down slightly to 3.2% from 3.3%

The NY Fed survey showed:

• 1 year inflation expectations falling to 3.2% from 3.3%
• 3-year inflation expectations remains unchanged at 2.8%
• 5-year inflation expectations rises to 3.0% from 2.8%

in other details:

• home prices rise remained unchanged at 3.3%
• Expected year ahead stock price rise odds highest since May 2021
• Perceptions of current financial situation improved in May.
• Expectations rose that unemployment will be higher in a year.
• Perceptions of credit access unchanged in May

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