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

The monthly New York Fed inflation expectations survey is out and it's dovish:1-year seen at 3.0% vs 3.4% priorThree year seen at 2.6% vs 3.0% priorFive years seen at 2.5% vs 2.7% priorMedian expected home price change 3.0% vs 3.0% priorThe spell of inflation may finally be broken.This is an important survey for the Fed and should give the confidence in a pivot, or 'toggle' as Barkin called it last week. This article was written by Adam Button at www.forexlive.com.

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