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U.S. inflation survey slips in cautious sign for Fed
An increasingly important gauge of U.S. inflation sagged last month back to near record low levels from earlier in the year, adding to the uncertainty over how fast the Federal Reserve can proceed with interest rate hikes in the coming months. Expectations for inflation one year in the future fell to 2.53 percent in March from 2.71 percent in February, according to the New York Fed's survey of consumers, which was released on Monday. That was the fourth decline in the last six months and put expected inflation at just over a tenth of a percentage point above January's reading of 2.42 percent, which was the lowest ... (full story)
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