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Americans’ Inflation Expectations Hit Highest Level Since 2023 as Their Financial Outlook Worsens: New York Fed Survey
Benzinga ·
Benzinga reports: Americans are becoming more pessimistic about their financial situation as they expect inflation to remain elevated over the coming year. The Federal Reserve Bank of New York released its September Survey of Consumer Expectations on Wednesday, showing that one-year inflation expectations rose to 3.9%, the highest level since May 2023. The monthly survey covers a rotating panel of about 1,300 household heads. Financial Outlook Deteriorates The survey found that perceptions…
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