Atlanta Fed Survey Finds Business Inflation Expectations Edged Down To 2.3% In April
(RTTNews) - Year-ahead inflation expectations among businesses in the southeast U.S. edged slightly lower in the month of April, according to the results of a survey released by the Federal Reserve Bank of Atlanta on Wednesday.
The survey found that firms' year-ahead unit cost expectations slipped to 2.3 percent in April from 2.4 percent in March.
The Atlanta Fed noted year-ahead unit cost expectations have fallen meaningfully since hitting a peak of 3.8 percent in April 2022 but remain somewhat elevated relative to their pre-pandemic average of 2.0 percent.
Meanwhile, the survey found that sales levels and profit margins continue to run below what firms consider to be normal.
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U.S. Industrial Production Unexpectedly Unchanged In April
With a surge in utilities output offset by decreases in mining and manufacturing output, the Federal Reserve released a report on Thursday showing U.S. industrial production came in flat in the month of April. The Fed said industrial production came in unchanged in April after inching up by a downwardly revised 0.1 percent in March.
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The Labor Department released a report on Thursday showing U.S. import prices jumped by much more than expected in the month of April. The report said import prices shot up by 0.9 percent in April after climbing by an upwardly revised 0.6 percent in March. Economists had expected import prices to rise by 0.3 percent compared to the 0.4 percent increase originally reported for the previous month.
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14小时9分钟前
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U.S. Industrial Production Comes In Flat In April
With a surge in utilities output offset by decrease in mining and manufacturing output, the Federal Reserve released a report on Thursday showing U.S. industrial came in flat in the month of April.
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14小时55分钟前
Philly Fed Index Slumps More Than Expected In May
Philadelphia-area manufacturing activity saw a notable slowdown in the pace of growth in the month of May, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday.
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15小时27分钟前
U.S. Import Prices Jump Much More Than Expected In April
The Labor Department released a report on Thursday showing U.S. import prices jumped by much more than expected in the month of April.
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15小时30分钟前
