CNN —
Americans felt a whole lot better about prices and the job market in May, a month that featured a détente in the trade war between the US and China.
Consumers’ year-ahead expectations for inflation tumbled in May by 0.4 percentage points to 3.2%, according to the Federal Reserve Bank of New York’s latest Survey of Consumer Expectations released Monday.
It was the biggest monthly sinking of near-term inflation expectations since November 2022, when price hikes slowed much more than expected and the Federal Reserve delivered another heavy-handed effort to curb decades-high
→ Continue reading at CNN - Business News
