One-year inflation expectations highest since 2023 via New York Fed survey
New York Fed:
June year-ahead inflation expectations 3.7% v 3.5% prior
Three-year inflation expectations 3.3% v 3.1% prior highest since June 2022
Five year inflation expectations unchanged at 3%
Gasoline price expectations ease to lowest since Aug 2022
Households more upbeat about current and expected personal finances
Labor market expectations improved