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Sunday, December 22, 2024

Consumers’ expectations for long-term inflation are dropping, clocking in at the lowest level in over a year

Long-term inflation expectations in the US fell to the lowest level since July 2021, according to data out Friday from the University of Michigan’s consumer sentiment index. Consumers see inflation growing at an annual clip of 2.8% for the next five to 10 years, the report said. Consumers also …

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