The risk-free rate is 3.7%, and expected inflation is 2.2%. If inflation expectations change such that future expected inflation falls to 1.7%, what will the new risk-free rate be? The new risk-free rate is \%. (Round to one decimal place.) The risk-free rate is 3.7%, and expected inflation is 2.2%. If inflation expectations change such that future expected inflation falls to 1.7%, what will the new risk-free rate be? The new risk-free rate is \%. (Round to one decimal place.)