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HomeeconomyInflation expectations surge, hitting new high for New York Fed survey

Inflation expectations surge, hitting new high for New York Fed survey

  • The New York Fed's Survey of Consumer Expectations for June showed that median inflation expectations over the next 12 months jumped to 4.8%.
  • That's the highest in series history for data that goes back to 2013.
  • Expectations that the unemployment rate would be higher a year from now hit a new low.

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