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Inflation expectations jump, another data point for the Fed to keep watch on.



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Daily Business BriefingJune 14, 2021Updated June 14, 2021, 11:32 a.m. ETJune 14, 2021, 11:32 a.m. ETConsumers expect higher inflation in the near-term and over the course of several years, a Federal Reserve Bank of New York survey found, a small but potentially important signal at a time when economic policymakers are betting that expectations will remain in check as demand and prices rebound from depressed pandemic levels.Expectations for inflation a year from now jumped by 0.6 percentage points in May, hitting a new series high of 4 percent, the Fed branch said on Monday. The Survey of Consumer Expectations has been running since 2013, so it tracks …

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