Business Inflation Expectations Move Higher

Inflation expectations among businesses moved higher in September, up 1 notch to 2.2 percent and the highest reading since 2.3 percent in April this year. Inflation expectations are certain to get even greater attention after Jerome Powell, in his comments last month at Jackson Hole, stressed their central importance to monetary policy. Watch later this on week on Friday for the latest update on consumer inflation expectations from the University of Michigan and the final consumer sentiment report for September.