US DATA: June Atlanta Fed inflation expectations +1.7% vs +1.8%
May, based on a June 11-15 survey of 167 firms. “Inflation uncertainty
was unchanged at 2.9 percent in June. Firms also reported that their
unit costs had risen 1.6 percent compared to this time last year, which
is unchanged from their assessment in May… firms continue to operate
in an environment of below normal sales levels and profit margins-though
both sales and margins improved in June.”