US Inflation Expectations Fall to Lowest Levels in Over Two Years
- Consumers see price growth easing in short and long term
- University of Michigan sentiment gauge still fell this month
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US inflation expectations fell in early September to the lowest levels in more than two years as consumers grew more optimistic about the economic outlook.
Consumers expect prices will climb at an annual rate of 3.1% over the next year, down from the 3.5% expected in August, according to the preliminary reading from the University of Michigan. That marked the lowest reading since early 2021.