US consumers' near-term inflation expectations hit two-year low; sentiment rises,WASHINGTON (Reuters) -U.S. consumers' near-term inflation expectations dropped to more than a two-year low in June and the outlook over the next five years improved slightly, according to a survey on Friday that also showed sentiment perking up. The University of Michigan's survey followed data this week showing annual consumer and producer prices retreating sharply in May, largely thanks to declining energy costs. The Fed on Wednesday left its policy rate unchanged, but signaled in new projecti
US consumers’ near-term inflation expectations hit two-year low; sentiment rises
WASHINGTON (Reuters) -U.S. consumers' near-term inflation expectations dropped to more than a two-year low in June and the outlook over the next five years improved slightly, according to a survey on Friday that also showed sentiment perking up. The University of Michigan's survey followed data this week showing annual consumer and producer prices retreating sharply in May, largely thanks to declining energy costs. The Fed on Wednesday left its policy rate unchanged, but signaled in new projecti
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