Households expect inflation to be 3% in a year. While that’s not up from the previous month, it’s also not down.

Consumers forecast inflation at 3% a year from now, the lowest their short-term expectations have been in three years.

But they expect other key measures to be less positive. Here’s what that means for the Fed.

Even though sentiment has tanked, a New York Fed survey finds that consumers expect inflation to ease in the future.

The consumer price index rose 5.4% year over year, as consumers’ inflation expectations hit a series high of 5.3%, the New York Fed said.