US consumers are growing more attentive to inflation, according to researchers using data from a survey conducted by the Federal Reserve of Cleveland.

Because of this, it’s possible that “their expectations are more informative, likely to be less sticky, and so should be tracked closely by policymakers”, said the researchers, Hana Braitsch and James Mitchell. Consumers are more likely to believe US inflation will fall if they are more attentive to questions asked in the survey, the researchers