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Inflation Expectations Climb, Pressuring Fed’s Policy Outlook

Inflation Expectations Climb, Pressuring Fed’s Policy Outlook

The Federal Reserve faces potential difficulties because U.S. consumers elevated their inflation expectations during July. The New York Fed's consumer survey shows that inflation expectations for the next five years reached 2.9% in July which represents the highest level since March and surpassed June's 2.6% expectations. The three-year outlook remained at 3% while one-year expectations rose to 3. ...
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