US inflation expectations inch higher

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A Federal Reserve consumer survey has reported that one-year inflation expectations in May remain among the highest it has ever recorded. The Survey of Consumer Expectations, released on June 13, found that its median respondent expected inflation to be 6.6% a year from now.

The reading tied the March 2022 figure, the highest the survey had produced since it debuted in August 2013, and slightly above the 6.3% rate respondents predicted in April.

The survey, fielded by the Federal Reserve Bank

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