The U.S. public’s near-term inflation expectations were largely stable in January, a Federal Reserve Bank of New York report found, as respondents to the survey also predicted a notable pullback in future spending. The expected level of inflation at both the one-year and three-year ahead horizons was unchanged at 3% last month, the bank said in its latest Survey of Consumer Expectations released on Monday, while the expected level of inflation five years from now moved to 3% from 2.7% in...
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