The Atlanta Fed’s measure of business inflation expectations increased 0.2 ppts to 2.8% in April, the highest since July 2023.

• Sales levels and profit margins "compared to normal" both decreased.
• Year-over-year unit cost growth decreased to 2.2% in April, on average, down from 2.4% in March.
• Based on current levels of demand for your main good or service, how much of that cost increase would your firm be able to pass through to consumers?

• The distribution of firm’s concerns (left) about a recession is skewed right, with about 25 percent of firms in our sample reporting that they have significant concern about a recession in the next 12 months. A little under 10 percent already believe the US is in a recession, more than reported no concern. This has changed significantly from what firms reported to the same question in September 2024