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: When will inflation peak? Consumers and economists see light at the end of the tunnel (but it’s a long tunnel)

Consumers think inflation still has to boil over before it cools, according to the Federal Reserve Bank of New York’s latest read on people’s economic expectations.

Inflation hit 9.1% on the year in June, a 41-year high, which was higher than either economists or inflation-derivatives traders had expected. 

People seem to think the fever of…

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