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Opinion

Why US Citizens Should Not Accept 3 Percent Inflation

Why US Citizens Should Not Accept 3 Percent Inflation
The U.S. dollar has lost more than 90 percent of its value since the creation of the Federal Reserve in 1913. Source: Federal Reserve Bank of St. Louis
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Commentary

The recent University of Michigan survey’s reading of one-year inflation expectations rose to 3.4 percent in July from 3.3 percent in June. The five-year outlook also increased to 3.1 percent from 3.0 percent in the previous month.

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