Inflation Expectations Cool Down a Bit

If consumers' own expectations of inflation are any guide, things are looking up. The expected inflation rate three years from now was noticeably lower in January. (To see a specific data point, tap or hover over that area of the chart.)

Inflation rates shown are median projections. They represent the expectation for one year and three years after the survey month.
Source: Survey of Consumer Expectations, Federal Reserve Bank of New York

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