New York Federal Reserve
New York Federal Reserve
  • Three-year ahead expected inflation 3.0% vs 3.2% prior
  • Five year inflation 2.6% vs 2.7% prior
  • Home price rise seen at 3.0% vs 3.2% prior
  • Food prices seen +5.5% -- highest since Oct 2023
  • Outlook on job market improved in May
  • Expectations of missing debt payments fell
  • Full report

This is a good sign for the Fed but they have been nearly unanimous that they won't cut rates until the tariff uncertainty has cleared.

Source: Forex Live