Atlanta Fed Increases Inflation Expectations Slightly
The Atlanta Federal Reserve released its most recent inflation expectations on Friday.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
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.
ALSO READ: Is the Fed Afraid of Deflation?
Contact [email protected] for any questions or corrections.
Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.
