Consumer inflation expectations continue to rise


Consumer expectations of near-term inflation edged up from 5.2% in August to 5.3% last month, while expectations for the next three years also rose to 4.2% from 4%, according to Federal Reserve data. The Fed's measurement of inflation in the 12 months up to August stood at 4.3%, significantly above its target of 2%, although Fed officials remain confident it will subside over time.

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