TIMIRAOS: Cleveland Fed survey of corporate executives sees one-year-ahead CPI inflation at 3.3% (vs 3.7% in Q2). Respondents expect wage growth of 2.8% over the next year (vs 2.9% in last year’s survey) and little change in employment. R&D spending

2026-08-18

TIMIRAOS: Cleveland Fed survey of corporate executives sees one-year-ahead CPI inflation at 3.3% (vs 3.7% in Q2). Respondents expect wage growth of 2.8% over the next year (vs 2.9% in last year’s survey) and little change in employment. R&D spending growth forecast to slow to 2.0% over the next year, down from 3.1% in last year’s survey.