Inflation Expectations Hold Steady in January as Price Rises Slow

• Inflation expectations for the next year and longer term remain steady around 3-2.5% in January NY Fed survey • Expected price rises declined across categories like gasoline, food, and rent • Retreating inflation expectations support Fed confidence they are on path back to 2% inflation • Survey respondents forecast slower home price growth and higher earnings growth • Perceptions of personal financial situations improved among respondents