Report
Some U.S. consumers are beginning to act as if elevated inflation is the new normal
CNBC reports the prolonged stretch has raised concern at the Federal Reserve about consumers’ expectations for high prices.
TLDR
CNBC reports that U.S. consumers are living through one of the longest stretches of elevated inflation in the past century. It says some are beginning to act as though that inflation is normal, raising concern at the Federal Reserve that consumers may come to expect stubbornly high prices.
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