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

<p>The monthly New York Fed inflation expectations survey is out and it's dovish:</p><ul><li>1-year seen at 3.0% vs 3.4% prior</li><li>Three year seen at 2.6% vs 3.0% prior</li><li>Five years seen at 2.5% vs 2.7% prior</li><li>Median expected home price change 3.0% vs 3.0% prior</li></ul><p>The spell of inflation may finally be broken.</p><p>This is an important survey for the Fed and should give the confidence in a pivot, or 'toggle' as Barkin called it last week.</p>

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