Reported about 5 hours ago
Federal Reserve Bank of Chicago President Austan Goolsbee minimized concerns over a recent report indicating an increase in consumer inflation expectations, stating that a single month of data is insufficient to draw conclusions. The report highlighted that consumers anticipate an annual price increase of 3.5% over the next 5 to 10 years, the highest level since 1995, largely driven by Democratic respondents.
Source: YAHOO