U.S. inflation expectations rise: New York Fed survey

Reuters: U.S. inflation expectations edged higher last month, with one measure hitting its highest level in a year, according to a Federal Reserve Bank of New York survey published Monday that adds to signs of price pressures.

The survey of consumer expectations, which the Fed considers among other data as it continues to gradually raise interest rates, showed median one-year ahead inflation expectations rose to 2.83 percent from 2.71 percent in January, the highest reading since February 2017.

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