U.S. consumer inflation expectations surge, Federal Reserve's Goolsbee downplays its impact
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Chicago Federal Reserve President Goolsbee expressed indifference to the report of rising consumer inflation expectations, stating that the data needs to be observed for two to three months before drawing conclusions. Last Friday's report showed that the long-term inflation expectation indicator rose to its highest level in nearly 30 years, with consumers expecting prices to rise at an annual rate of 3.5% over the next 5 to 10 years, primarily driven by Democratic respondents
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