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Are Rising Inflation Fears A Self-Fulfilling Prophecy?
The median U.S. adult expected consumer prices to rise 3.9% over the next 12 months in September.Credit: Charly Triballeau / AFP via Getty ImagesKey TakeawaysFederal Reserve policymakers are increasingly worried that years of high inflation will lead people to expect higher inflation in the future.If consumers act accordingly, it can lead to financial decisions that contribute to inflation.A separate survey lent credence to those fears, as people expected the highest inflation a year from now since 2023.People are getting more worried that inflation is accelerating, and officials at the…
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