Consumer Long-Term Inflation Expectations Hit 12-Year High
Clearance sale signs are displayed at a retail store in Downers Grove, Ill. (Nam Y. Huh/Associated Press) U.S. long-term inflation expectations unexpectedly accelerated in early May to a 12-year high and consumer sentiment soured, reflecting growing concerns about the economic outlook. Consumers see prices climbing at an annual rate of 3.2% over the next five ...more