Atlanta Fed

@atlantafed.org

The Atlanta Fed serves the Sixth Federal Reserve District: AL, FL, GA and parts of LA, MS and TN. We foster a healthy economy and financial stability. We’re apolitical and decentralized to conduct monetary policy that’s in the best interest of the economy.

While there is a broad-based slowing among some the near-term measures of underlying CPI inflation, all the year-over-year measures on the dashboard are still elevated relative to the FOMC's price stability mandate. atlfed.org/4giDCzo

Atlanta Fed 09-11-2026 Underlying Inflation Dashboard chart

The Atlanta Fed's sticky-price consumer price index (CPI)—a weighted basket of items that change price relatively slowly—rose 3.1% (on an annualized basis) in August, following a 3.5% increase in July. On a year-over-year basis, the series is up 2.7%. atlfed.org/4cDm8vj

Line chart showing CPI estimates

The Atlanta Fed’s Wage Growth Tracker edged up to 4.1% in August from 3.8% the prior month. For those not changing jobs, the Tracker held at 3.6% in August, while the Tracker for those changing jobs increased to 5.0% from 4.4% in July. atlfed.org/4iYoVTJ

multiple line chart showing wage growth estimates

The Southeast economy continued to gradually expand in late summer, even as contrasts persisted between the spending habits of cost-conscious consumers of modest means and those of more affluent households. Read more in the latest Beige Book report from the Atlanta Fed: atlfed.org/4gtylFe

The application is now open for our research analyst (RA) program! RAs get hands-on research experience with Atlanta Fed economists and develop their knowledge of economics, data analysis, and programming skills. They also participate in the policy process: atlfed.org/3SltjBy. #econsky

Atlanta Fed reasearch analysts and employees with Fed Governor Jerome Powell

During the past month, both initial and continued unemployment claims activity remained steady. In the fourth week of reporting in August, there were fewer than 204,000 initial unemployment claims filed nationally on a seasonally adjusted basis. atlfed.org/4gR1iKf

Unemployment Claims Monitor

The authors of this Policy Hub paper analyze potential factors contributing to downside risk to the stock market if investor sentiment turns negative, thereby driving down equity prices and posing downside risk to US aggregate consumption: atlfed.org/4xuLWSE.

Image showing the paper title, "Downside Risk to the Stock Market and Consumption," and the authors' names, Indrajit Mitra and David Rapach

As severe weather affects the Sixth District, we'd like to remind you that the Atlanta Fed is prepared to maintain essential financial services and timely communication. Read more about our contingency information in this letter: atlfed.org/4zQLkIA.

Hurricane Contingency Information

As financial pressures intensify, workers describe a job market where opportunities feel narrower and financial strain more acute. This article explores how low‑ and moderate‑income workers are navigating a shifting landscape marked by rising costs: atlfed.org/4gWqQqp.

Financial survival or stability? Workers and job market weigh in.

The Commercial Real Estate Market Index (CREMI) provides information about general commercial real estate conditions in about 390 US cities and their adjacent communities. This thread features some highlights from the recent Q2 2026 CREMI update. atlfed.org/4hXKQds

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While there is a broad-based slowing among some of the near-term measures of underlying PCE inflation, all the year-over-year measures on the dashboard are still elevated relative to the FOMC's price stability mandate. atlfed.org/4giDCzo

Atlanta Fed 08-26-2026 Underlying Inflation Dashboard chart

The authors examine trade financing through export credit agencies. They find that even in advanced economies, industrial policy that lowers financing constraints for exporters can raise output, improve capital allocation, and generate welfare gains: atlfed.org/4y4H9Hy.

Image showing working paper title "Industrial Policy and Capital Misallocation in Exporting" by authors Adrien Matray, Karsten Müller, Chenzi Xu, and Poorya Kabir

Firms’ inflation expectations for the coming year remained unchanged at 2.2 percent. Sales levels compared to "normal times" decreased, while profit margins increased, according to the Atlanta Fed’s latest Business Inflation Expectations survey. atlfed.org/4wvTH9z.

Image showing year-ahead inflation expectations at 2.2 percent.

Homeownership affordability deteriorated nationally in May as both mortgage rates and home prices increased. atlfed.org/49LVIoH More highlights of the recent update to our Home Ownership Affordability Monitor (HOAM) in the thread below.

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Financial conditions play a central role in the transmission of monetary policy. Policy Hub: Macroblog discusses the properties of a new measure of monetary policy stance and reports how it drives the dynamics of financial conditions and the yield curve's slope. atlfed.org/3U6R8gP.

Image showing post's title "Monetary Policy Stance and Financial Conditions" and a headshot of the articles's author Nikolay Gospodinov.

Where is the growing demand for AI skills across the Southeast? This Workforce Currents article analyzes employer demand for AI skills in the states of the Fed's Sixth District, focusing on geographical distribution, AI skill diffusion, and employer concentration: atlfed.org/4wUx0gj.

The Geography of AI Demand in the Southeast: Patterns of Growth and Labor Market Structure

The Atlanta Fed’s Wage Growth Tracker edged up to 3.8% in July from 3.6% the prior month. For those not changing jobs, the Tracker edged up to 3.6% in July from 3.4% in June, while the Tracker for those changing jobs increased to 4.4% from 4.1% in July. atlfed.org/4htLWxf

Multiple line chart showing wage growth