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Fed survey: Consumers expect inflation short-term blip, medium-term dip
Consumers expect a rise in short-term inflation but a decline in medium-term inflation, according to the Federal Reserve Bank of New York’s September survey of consumer expectations. The survey released Tuesday contains information about how consumers expect overall inflation and prices for food, gas, housing, and education to behave. It also looks at consumers’ views on job prospects and earnings growth. The N.Y. Fed said that median inflation expectations increased by 0.1 percentage point at the one-year horizon to 2.5%, while median three-year ahead inflation expectations declined by 0.1 percentage point to ... (full story)