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Fed report finds rising gas prices have lasting effect on inflation expectations

Fed report finds rising gas prices have lasting effect on inflation expectations
Photo: NewsChannel 5 WTVF (CBS affiliate) · view original

A new report from the San Francisco Federal Reserve Bank shows U.S. household inflation expectations rise when expecting higher gas prices, but remain relatively unchanged when prices at the pump drop. Data from the nations second-largest Federal Reserve bank branch also found that uncertainty ar...

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