Stagflation concerns mount: Americans are increasingly worried about red-hot inflation, jobs and their own deteriorating finances

Stagflation concerns mount: Americans are increasingly worried about red-hot inflation, jobs and their own deteriorating finances

Consumer inflation expectations are back at record highs, but people have no plans to slow their spending, according to a regional Federal Reserve bank survey released Monday. Households saw a 6.6% median inflation rate in the year ahead, tying a record high first set in March, according to the Federal Reserve Bank of New York’s …

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