Americans Expect Inflation to Stay Elevated Over the Long Term
By Tom Ozimek Americans continue to anticipate that inflation will remain elevated, with the University of Michigan’s five-year expectations holding steady at 3 percent for the fifth consecutive month, even though the Federal Reserve’s preferred inflation gauge is showing signs of cooling. The latest data from the University of Michigan, released on Aug. 30, shows […]
By Tom Ozimek Americans continue to anticipate that inflation will remain elevated, with the University of Michigan’s five-year expectations holding steady at 3 percent for the fifth consecutive month, even though the Federal Reserve’s preferred inflation gauge is showing signs of cooling. The latest data from the University of Michigan, released on Aug. 30…
