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Rising US inflation expectations endorse steady rates
Inflation expectations in the United States are projected to rise to 3.9% over the next year, marking the highest level since May 2023. This increase is driven by rising energy prices, particularly gasoline and gas, along with companies' demands for higher gas prices. With inflation remaining above the 2% target, U.S. Federal Reserve officials are leaning towards keeping interest rates between 3.75% and 4%, in order to monitor developments before taking further action. Meanwhile, household spending expectations have surged to 5.5%, reaching their highest in over three years.
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