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Today’s Lead Story
Thursday, October 8

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.

For educational purposes only. Not financial, investment, tax, or legal advice. Always do your own research or speak with a qualified professional.

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