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New York Fed survey shows one-year inflation expectations easing
The survey also left three-year inflation expectations unchanged at 3.3% and five-year expectations steady at 3.0%.
The New York Fed survey indicates that one-year inflation expectations edged down to 3.6% from 3.7%, signaling a small cooling in short-term price outlooks, according to Forexlive.
Three-year inflation expectations were unchanged at 3.3%, while five-year expectations also held steady at 3.0%, the outlet reported.
Forexlive added that the survey pointed to improved current and expected personal finances, while labor market expectations were mixed.
Overall, the outlet said there were no major surprises in the survey results.