- Three-year ahead inflation expectations rose to 3.9% from 3.7%
- year-ahead household spending growth expectations 8.0% from 7.7% (record high)
- Median home price inflation expectations unchanged at 6.0%
The shorter-term dip is balanced out by the longer-term rise. If anything, the Fed might put more weight on the three-year rise because they're worried about credibility.