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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)

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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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