Consumers Expect Red-Hot Inflation to Crush Their Earnings: Fed’s Survey

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by Wolf Richter, Wolf Street: And the folks who experienced the high inflation of the 1970s and early 1980s as adults expect inflation to hit 5.7% in one year. When the Fed discusses inflation, and the extent to which it would be allowed to exist, it always mentions “inflation expectations” and that they are and […]
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