NY Fed: US 1- and 5-year inflation expectations steady at 3.6%

The New York Fed's latest survey shows consumer inflation expectations for the next 12 months held at 3.6%, with 5-year expectations also stable. This suggests inflation expectations remain anchored despite recent data, reducing near-term pressure on the Fed to adjust policy. The stability is notable given prior volatility, but the level remains above the Fed's 2% target.