Posted 13 days ago
Sept 13 (Reuters) - U. S. consumers' expectations for how much inflation will change over the next year and the coming three years rose last month to the highest levels since 2013, according to a survey released on Monday by the New York Federal Reserve.
Year-ahead inflation expectations increased for the 10th straight month to a median of 5.2% in August, according to the monthly survey of consumer expectations. Inflation expectations over the next three years increased to a median of 4.0%. Both metrics are at the highest they've ever been for the survey, which was launched in 2013.
U. S. central bank officials are keeping a close watch on inflation expectations as they try to evaluate whether the pricing pressures trigger... (Read more)
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