The February update of the Atlanta Fed's business inflation expectations index fell to 1.9% from 2.0% in January. The 1.9% figure measures the median of firms' year-ahead unit cost expectations. It peaked at 3.8% four years ago. The measure averaged 2.0% from 2017-19. https://www.atlantafed.org/research-and-data/surveys/business-inflation-expectations(Nick Timiraos)