BREAKING: US consumers’ 12-month inflation expectations surge to 4.3%, the highest since November 2023. This marks a 1.7 percentage point jump over the last 3 months, the largest surge since February 2020. This also largely exceeded expectations of 3.3%. Moreover, 5-10-year inflation expectations rose to 3.3%, the highest since June 2008 and above estimates of 3.2%
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