Inflation
Consumer Inflation Fears Rise to Three-Year High in Federal Reserve Survey
via CNBC
A Federal Reserve consumer survey found that one-year inflation expectations climbed to their highest point since May 2023, following the central bank's first rate hike in three years last month. Core PCE inflation sits at 3.0%, still well above the Fed's 2% target.
Why it matters
When more people expect prices to keep rising, it can push the Fed toward additional rate hikes — which would raise costs on credit cards, car loans, and adjustable-rate mortgages in the months ahead.


