Public Forecasts More Inflation and Economic Anxiety Despite Fed Policy
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Inflation outlook was mixed in March; public sees inflation at 3% in a year, up from 2.9% in February for 3 years from now
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Public forecasts bigger rises in prices of food, gasoline, rent, college, and medical costs in a year
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Anxiety that inflation may not be moving quickly enough toward Fed's 2% target has driven investors to pare back estimates of when Fed will cut rates
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Respondents more pessimistic about job prospects, even as views on earnings growth unchanged
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Largest number in 4 years worried about missing a debt payment, concentrated among lower-income households and those aged 40-60