Inflation & Prices
US Long-Term Inflation Views Ease Further, Lifting Sentiment
- Five to 10-year inflation expectations fell to 2.7% this month
- University of Michigan sentiment index climbed to 58.6
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US long-term inflation expectations continued to ease in September, helping slightly lift consumer sentiment from the previous month despite growing economic uncertainty.
Consumers expect prices will climb at an annual rate of 2.7% over the next five to 10 years, the lowest since April 2021, according to the final September reading from the University of Michigan. The initial print for the month was 2.8%.