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OverviewAPI
Consumers are more optimistic about short-term inflation, with median expectations decreasing at the one-year ahead horizon. However, they expect inflation to remain at 3% over the three- and five-year time frames. Despite a decrease in year-ahead inflation expectations to 3.1% in December, consumers are less optimistic about their job status. The interest earned on savings accounts is expected to be lower due to inflation's impact on spending power.

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