Will the New York Fed one-year inflation expectations measure exceed 4.5% in any H2 2026 release?

Given the current federal funds target range of 3.50 to 3.75 percent and the Federal Open Market Committee's (FOMC) decision to maintain this range, inflation expectations are likely to be influenced by the recent tendencies to keep rates stable. With the median projection for the year-end 2026 funds rate at 3.8 percent and nine out of eighteen projections suggesting higher rates, there is upward pressure on inflation expectations. However, the overall economic environment remains uncertain, which may temper inflation expectations.