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Michigan Study Finds Elevated Long-Run Inflation Expectations
A University of Michigan study published on October 23 found that Americans' long-run inflation expectations remain above comparable 2019 and 2024 readings. This could complicate easier financing conditions for Bitcoin, as the headline consumer sentiment index barely moves. Year-ahead inflation expectations were 4.7%, up from 4.6%; long-run expectations reached 3.5%, up from 3.4%. The study provides historical comparison using a consistent web-interview series, showing median long-run expectations above the monthly ranges seen in 2019 and 2024.