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One-year-ahead inflation expectations surged to 4.3% in February, up sharply from 3.3% in January – the highest level since November 2023. Longer-term consumer inflation expectations also ticked ...
The University of Michigan's survey showed consumers' one-year inflation expectations jumped to 3.3% in January, the highest level since May, from 2.8% in December.
Many commonly purchased goods and services got more expensive in January, driving inflation in the wrong direction and to its highest rate since June of last year. US inflation heats up to 3% for ...
Egg and energy prices pushed inflation to spike 0.5% in January 2025, meaning hopes of cuts in the first half of 2025 might prove short-lived. Already, regional Fed presidents have expressed their ...
The stubborn inflation data raised several ominous specters, namely that the Fed may have to keep rates elevated for longer than it or financial markets would like, threatening the hoped-for soft ...
An August 2024 survey of inflation expectations showed consumers predicting 2.3% average inflation over the next three years, the lowest figure since the survey was created in 2013. [186] Following Trump's tariff threats, long-term inflation expectations rose to 3.3 percent in January 2025 from 3.0 percent in December, the highest level since ...
The “Biden inflation” he’s referring to is the Consumer Price Index, which went up 3% year-over-year in January — the fastest pace since June. It was an unwelcome surprise in the wrong ...
Last week, the Labor Department reported a larger-than-expected 0.5% month-over-month increase in CPI for January. The comparable Personal Consumption Expenditures Price Index the Fed uses for its ...