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On the radar: Atlanta Fed’s Business Inflation Expectations for August remain close to Fed’s 2% objective

The Atlanta Fed’s Business Inflation Expectations report for August put the survey mean at 1.9%, down a tenth from the 2.0% in July, but with little variation since the start of the year. Businesses continue to expect inflation to be on or close to the Fed’s 2% objective in spite of the uneven readings across the major inflation measures.

There won’t be a look at consumer inflation expectations until the preliminary University of Michigan Consumer Sentiment Index for August is released at 10:00 ET on Friday, August 16. However, the data through July points to consumers generally looking for low, but stable, inflation over the medium term.

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