US DATA: April Atlanta Fed inflation expectations 2.1% vs 2.0% in
March, according to survey conducted April 9-13 with 165 firms in SE
area. “Survey respondents indicated that, on average, they expect unit
costs to rise 2.1 percent over the next 12 months. That number is up
from 2.0 percent in March and comparable to recent year-ahead inflation
forecasts of private economists. Inflation uncertainty rose from 2.4
percent in March to 2.7 percent in April. Firms also reported that their
unit costs had risen 1.9 percent compared to this time last year, which
is 0.1 percentage point higher.”