Reported 16 days ago
Recent consumer sentiment data from the University of Michigan shows that Americans' inflation expectations have decreased to 2.6% for the upcoming year, marking the lowest level since December 2020. While short-term expectations are down, long-term expectations slightly increased to 3.1%. Despite ongoing inflation, the Federal Reserve believes that progress is being made in combating it, even as consumer behaviors remain key in assessing inflation trends.
Source: YAHOO