NY Fed survey: Year-ahead inflation expectations fall to lowest since July 2021 | Forexlive

• One-year ahead inflation expectations 5.0% vs 5.2% in Nov
• Three-year inflation steady at 3%
• Five-year inflation expectations 2.4% vs 2.3% prior
• Expected household income rise 4.6% — a record
• Expected household spending rise 5.9% vs 6.9% prior

The income number will give the Fed some pause, but over all this is good for the peak inflation narrative and Fed credibility on inflation.