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?
Are You Ahead, or Behind on Retirement? (sponsor)
If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention.
Finding a financial advisor who puts your interest first can be the difference between a rich retirement and barely getting by, and today it’s easier than ever. SmartAsset’s free tool matches you with up to three fiduciary financial advisors that serve your area in minutes. Each advisor has been carefully vetted, and must act in your best interests. Start your search now.
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.