The Southeast economy expanded modestly in June and early July, according to the latest Beige Book. The report, released prior to each meeting of the Federal Open Market Committee, noted stronger activity in the region's manufacturing and hospitality sectors, while bankers reported stronger loan growth.
The Atlanta Fed's business inflation expectations survey reports firms anticipate 1.9 percent inflation over the next 12 months, a slight drop from June. Firms provided input this month about their most useful planning/forecasting horizons.
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