NY Fed Finds Falling Gas Prices Fail to Calm Consumers’ Inflation Fears

Overview

Consumers expect inflation to rise more than they expected a month ago, even as they expect gas prices to drop, according to the Federal Reserve Bank of New York’s latest Survey of Consumer Expectations. Compared to May, consumers’ median inflation expectations rose in June by 0.2 percentage points to 3.7% at the one-year horizon, rose […] The post NY Fed Finds Falling Gas Prices Fail to Calm Consumers’ Inflation Fears appeared first on PYMNTS.com.

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