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US consumers’ pessimism grows, long-run inflation outlook stable

Median expectations for year-ahead inflation rose slightly in February to 3.1%

Bloomberg News

US consumers expect slightly higher inflation in the near term and are growing more pessimistic about their finances, according to a monthly survey from the Federal Reserve Bank of New York. Median expectations for year-ahead inflation rose slightly in February to 3.1%, from 3% in January, the New York Fed’s Survey of Consumer Expectations showed. […]

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