Fed
Business executives surveyed by the Cleveland Fed expect CPI inflation of 3.3% in the coming year, which is down slightly from 3.7% in Q2, WSJ's Timiraos reports
StockNow breaking-news AI analysis
Business executives expect inflation to cool to 3.3% and R&D spending to slow to 2.0%, while wage growth and employment levels remain stable according to Cleveland Fed survey data.
News detail
See little change in wage growth (2.8% for the coming year, vs 2.9% in last year's survey) or employment levels. Anticipated R&D spending is expected to be cooler (2.0% for the coming year, vs. 3.1% last year)
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