New York Fed survey: Year-ahead inflation expected at 3.4% vs 3.6% prior

<ul><li>One year seen at 3.4% vs 3.6% prior – lowest since April 2021</li><li>Three year ahead unchanged at 3%</li><li>Five year ahead unchanged at 2.7%</li><li>Respondents see moderating wage growth</li><li>Rent seen at +8% vs +9.1% in Oct survey</li></ul><p>These drops aren't as dramatic as the UMich survey on Friday but they're headed in the direction the Fed wants to see.</p>

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