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Fed: Longer-Term Inflation Expectations Little Changed

August 6, 2018

Since the Federal Open Market Committee (FOMC) June meeting, indicators show the labor market has continued to strengthen, with economic activity rising at a strong rate. Job gains have been strong, on average, in recent months, and the unemployment rate has stayed low. Household spending and business fixed investment have grown strongly.

On a 12-month basis, both overall inflation and inflation for items other than food and energy remain near 2%. Indicators of longer-term inflation expectations are little changed, on balance.

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