Atlanta Fed Increases Inflation Expectations Slightly
The Atlanta Federal Reserve released its most recent inflation expectations on Friday.
The Atlanta Federal Reserve released its inflation expectations Friday. According to its most recent business inflation expectations survey, the month of September had a reading of 2.1%, compared to the previous month’s reading of 2.0%. This survey was conducted between September 8 and 12.
Businesses that responded indicated that they expect unit costs to increase by 2.1% over the course of the next year. Compared to the same time last year, businesses that responded said their unit costs were up by 1.8%. Inflation uncertainty rose by 2.5%.
Sales level compared to “normal” conditions remained virtually unchanged, with roughly 59% of firms indicating that sales levels were at or above normal.
Profit margins demonstrated no improvement, with about 48% of firms indicating that their profit margins were at or above the normal level. This was a rise of 1% from the previous level of 47% in August.
The most recent figures from the Bureau of Labor Statistics on the Consumer Price Index (CPI) had suggested a move toward deflation in the month of August.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
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