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NY Fed Inflation Expectations Cool At Short-Term Less So Beyond

US DATA
  • NY Fed 1Y inflation expectations fell 0.7pps to 5.23%, the lowest since Aug’21.
  • NY Fed 3Y inflation expectations fell 0.1pp to 3.00%, unwinding the Oct increase.
  • Both measures broadly match latest developments from the U.Mich preliminary survey for Dec - see charts.

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