This is dovish on the margin:
one-year expected inflation to 3.2% vs 3.4% priorThree year inflation unchanged at 3.0%Five year inflation unchanged at 5.0%Households’ labor market outlook was mostly negativePerception of current financial situation worsenedExpectation of future financial situation declined
The market remains in a poor mood with the S&P 500 down 1.0%
This article was written by Adam Button at investinglive.com.