Rising US inflation expectations support steady rates

Inflation expectations in the United States have surged sharply, rising to 3.9% for the upcoming year, marking the highest level since May 2023. This increase is primarily due to rising energy prices, especially gasoline and fuel oil, as utility companies request record-high price increases for gas. Long-term inflation expectations remain stable at 3% over the next five years. Meanwhile, the Federal Reserve is expected to keep interest rates between 3.75% and 4% at its upcoming meeting to monitor the impact of high inflation on the U.S. economy.

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