Long-term inflation expectations rise, spelling possible trouble for the Fed, survey shows
Customers shop at a Costco store in Novato, California on August 31, 2023. Consumer spending rose 0.8% in July, beating expectations of 0.7%, according to a Commerce Department report. (Photo by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images News | Getty Images Consumers are increasingly doubtful that the Federal Reserve will be able to…