Inflation expectations drift back down to pre-tariff levels, New York Fed survey shows
1. Inflation expectations remain stable at 3% for the next year. 2. Tariff impacts on inflation are minimal, with CPI rising just 0.1%. 3. Employment expectations improved, with lower job loss fears reported. 4. Gas and medical care prices are expected to rise significantly. 5. Overall inflation remains above the Fed's 2% target.