Inflation expectations tumble as Fed gears up for more rate hikes

By Zach Halaschak

Published August 8, 2022 5:44pm ET

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Inflation expectations tumble as Fed gears up for more rate hikes — FILE- This March 27, 2009, file photo, shows the Federal Reserve Building on Constitution Avenue in Washington. With an eye on the âfiscal cliff,â the Federal Reserve is expected to announce a new bond-buying plan to support the U.S. economy on Tuesday, Dec. 11, 2012. | (AP Photo/J. Scott Applewhite, File)

The Federal Reserve’s aggressive interest rate hikes appear to be driving down consumer expectations for inflation in the coming months and years.

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Federal Reserve Inflation Interest Rates Recession