Fed mouthpiece: Uncertainty about medium-term inflation expectations remains high
By:Cointime
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"Fed Whisperer" Nick Timiraos stated that inflation expectations at the New York Fed unexpectedly declined in May. However, uncertainty about medium-term inflation expectations remains high (3-year inflation expectation is 3%, down from previous 3.2%; 5-year inflation expectation is 2.6%, down from previous 2.7%).
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