Americans anticipate inflation of 3.3% over the next year, the highest in five months. CEOs' anticipated inflation rose to 3.8%, after declining for five quarters.
The survey data suggests rising prices in 2024 impacting consumer and business psychology. The trend may jeopardize hopes of a 2024 rate cut.
Financial market data shows lower inflation outlook compared to surveys. Gasoline price surge may impact consumer inflation expectations.
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