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Terms and conditions apply. Need to hire? Indeed. economy? Expectations matter from American public media. This is Marketplace. In Baltimore, I'm Amy Scott in FERC-Risdahl.

It's Monday, May 13th.

Good to have you with us.

If you caught Friday's show you heard economist

Nila Richardson say this about the American consumer. There's a downbeat

cinnamon like they're waiting for that other shoot a drop on their heads.

She was talking about how in spite of low unemployment, falling gas prices, and a rising stock market,

consumers are feeling pretty gloomy about the economy, partly because of their

fears about lasting inflation.

Today, more data to back that up, according to April's survey of consumer expectations out this morning from the New York Fed,

consumers expect inflation to be around 3.3 percent a year from now. That's up 0.3% from what they were predicting in March and the gloomiest

outlook since November. Marketplace's Stephanie Hughes has more.

...