Median inflation expectations for the next 12 months jumped to 3.9%, up from 3.6% in August, according to the Federal Reserve ...
The Survey of Consumer Expectations indicated that the median outlook for inflation over the next 12 months rose to 3.9%.
Inflation jumped for a third consecutive month as the Iran war continued to drive up prices in May, surpassing 4% for the first time in three years. The reading matched economists' expectations.
The Federal Reserve’s preferred inflation gauge, the core PCE price index, climbed 3.4% year-over-year in May, matching the forecast. The headline index surged 4.1% year-over-year, meeting ...
Core inflation, the Federal Reserve's preferred price gauge, rose to its highest level since 2023. Getty Images The Federal Reserve's preferred price gauge rose to its highest level since 2023, new ...