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NS child killer Penny Boudreau and the path to eventual release | SaltWire - Americans had a mixed take on the outlook for inflation last month, as they downgraded their views on their personal financial situations and predicted a big cooling in the rise of college costs, according to a new survey from the Federal Reserve Bank of New York.
The public’s take on inflation came amid little changed expectations for key price changes for things like gas and rent, although respondents expect higher food costs. The survey also found respondents predicting a record moderation in expected levels of college price increases a year from now at 5.8% in September from August’s projected 8.2% rise. The survey dates back to 2013.
The Fed’s preferred price pressure barometer, the personal consumption expenditures prices index, was up by 3.5% in August from the same month a year ago, while prices stripped of food and energy stood at a 3.9% gain over the same period. Fed officials have repeatedly welcomed the relative stability of inflation expectations as they believe that's helped guide actual price pressures back to the target.
While the report did not comment directly on the situation, the restart of student loan repayments may be weighing on some consumers. A note from Oxford Economics said a pullback in consumer credit levels in August may be tied to some consumers embracing the repayment schedule early.
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