America’s Inflation Worries Fade With Fed On Deck

At 2.7%, Americans' year-ahead inflation expectations slipped to the lowest since December of 2020 early this month. That's according to the preliminary read on University of Michigan sentiment for September, released Friday. The report was the last notable macro update of the week for the world's largest economy. The subdued read on the near-term inflation outlook was welcome news for a Fed which, according to media reports, is still torn on the size of next week's rate cut. Inflation expe