Inflation Expectations Fall to Record Low

Breitbart | 6/14/2019 | Staff
Click For Photo: https://media.breitbart.com/media/2018/12/Empty-Cash-Register.jpg

U.S. consumer expectations for inflation fell to a record low in May, according to the University of Michigan’s survey of consumer sentiment.

“Consumers anticipated an average long-term inflation rate of just 2.2%, the lowest rate the surveys have recorded since the question was introduced forty years ago,” the survey’s chief economist, Richard Curtin, said in a statement.

Pressure - Federal - Reserve - Interest

This could put pressure on the Federal Reserve to cut interest...
(Excerpt) Read more at: Breitbart
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!