Inflation Expectations Dip, Fed Cuts Rate

New survey shows Americans more optimistic about future inflation, expecting it to be 3.2% in the next year, down from 3.4% last month. Long-term expectations remain steady at around 3% for three and five years. Federal Reserve cuts interest rate target to support job market and bring inflation down. Mixed opinions on future earnings and commodity prices, with notable increase in expected medical cost rise. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.