Central bank consumer research just dropped some interesting data: 5-year inflation expectations have cooled significantly, sliding from 3.67% in Q3 down to 3.09% now.

Here's what caught attention—that 58 basis point pullback isn't trivial. When inflation expectations moderate, it typically signals shifting market sentiment around monetary policy trajectory. Lower inflation forecasts often correlate with changes in risk appetite across asset classes.

For crypto participants, this matters. Macro expectations shape how capital flows. A meaningful decrease in medium-term inflation expectations can influence everything from stablecoin demand to broader portfolio rebalancing decisions.

The survey reflects consumer psychology shifting in real-time. Whether this trend sticks or reverses will be worth monitoring closely as we head into the next quarter.