The Atlanta Fed's business inflation expectations survey shows firms anticipate 2.1 percent inflation over the next 12 months, up a tenth of a percent from August. Firms say their unit costs are up 1.8 percent when compared to this time last year.
Information received since the Federal Open Market Committee met in July suggests that economic activity is expanding at a moderate pace. On balance, labor market conditions improved somewhat further; however, the unemployment rate is little changed and a range of labor market indicators suggests that there remains significant underutilization of labor resources.
Sean Foley and Jas Rao have been named assistant vice presidents for the Federal Reserve Bank of Atlanta's Retail Payments Office (RPO), announced Dennis Lockhart, president and chief executive officer of the Atlanta Fed.
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