Americans see high inflation sticking around in latest New York Fed survey

Americans are bracing for high inflation to stick around over the next few years, according to a key Federal Reserve Bank of New York survey.

The median expectation is that the inflation rate will be up 3.7% one year from now, according to the New York Federal Reserve's Survey of Consumer Expectations, down from a high of 7.1% recorded in June 2022. That marks a slight increase from the 3.6% recorded last month.

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