New York Fed: Public short-term inflation expectations hit record high again in February

Households’ expectations for the future path of near-term inflation hit record highs in February amid growing fears that it will become harder to borrow money in the coming months. coming months, according to a report released Monday by the Federal Reserve Bank of New York.

The bank said respondents to its monthly survey saw inflation rising to 6% a year from now, up from 5.8% in January. This matches the reading seen in November last year and is the highest reading in a poll dating back to 2013,” the bank said.


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