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?
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
