WASHINGTON — The Federal Reserve Bank of Atlanta’s monthly survey released Wednesday showed businesses in the sixth district lowered their inflation expectations for 2012 to 1.8% compared to the April survey when they projected a 2.1% rise.

In addition, the survey said businesses continue to anticipate “little or only moderate” upward pressure coming from labor costs over the year. “Inflation uncertainty rose from 2.7% in April to 2.9% in May,” the Atlanta Fed said.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.