Fed Consumer Poll Paints Upbeat Picture

The New York Fed released its consumer expectations report on Tuesday. Who's excited?! These releases are the bane of my existence: They're completely irrelevant, but for whatever reason, the financial media tends to cover them, so I'm compelled to go through the motions. This one -- the October vintage -- was pretty upbeat, actually. Inflation expectations slipped at every horizon. The year-ahead point was just 2.87%, the lowest since October of 2020, when core CPI was running 1.61%. At th