US DATA: July Atlanta Fed Business Inflation Expectations survey
shows unchanged ULC expectations at 1.7% in a survey conducted July
16-20 with 160 firms responding. Inflation uncertainty declined by 0.1
percentage point to 2.8 percent in July. Firms reported that their unit
costs rose 1.5 percent compared to this time last year, which is 0.1
percentage point lower than their assessment in June.