Inflation Expectations Lowest Since ’70s Before Fed Meets: Chart

U.S. Economy: Disinflation Wins the Day

U.S. consumers’ long-term inflation expectations have notched down to 2.3 percent, the lowest in records back to 1979. And while pretty much no one expects a Fed rate increase this week, that fact may strengthen the resolve of some policy makers who argue that higher borrowing costs can wait a while longer.

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