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00:02A New York Federal Reserve survey released Monday showed U.S. inflation expectations held steady in May, according to Reuters.
00:09Consumers projected inflation at 3.5% one year out, down slightly from 3.6% in April, and at
00:163.1% and 3.0% at the three- and five-year horizons.
00:21Near-term uncertainty over inflation rose, alongside growing anxiety about personal finances.
00:26The Fed is expected to hold its benchmark rate in the 3.50% to 3.75% range at
00:33its June 16-17 meeting, as officials monitor the U.S.-backed war with Iran, which has driven gasoline prices higher.
00:40The Personal Consumption Expenditures Price Index reached 3.8% year-over-year in April.
00:46A strong May jobs report bolstered the case for potential rate hikes.
00:50For all things money, visit Benzinga.com.
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