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Economic Pulse: Inflation Ticks Up, Job Market Shifts
643 sats \ 2 comments \ @TomK 10 Oct econ
Recent economic indicators show a slight uptick in inflation, surpassing analysts' projections. The Consumer Price Index (CPI) rose 0.2% month-over-month, while core CPI increased by 0.3%. Year-over-year figures paint a similar picture, with overall CPI at 2.4% and core at 3.3%.
Simultaneously, the job market displayed unexpected movement. Initial jobless claims jumped to 258,000, significantly above the forecasted 230,000 and previous week's 225,000. These figures suggest potential economic headwinds, warranting close observation in the coming months.
For the Fed, this is like a split ass.
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47 sats \ 0 replies \ @Satosora 10 Oct
We are in a recession and they dont want to admit it.
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47 sats \ 0 replies \ @Cje95 10 Oct
I think the Food coming in hot was a big surprise. Shelter we knew was going to be sticky but
The index for shelter rose 0.2 percent in September, and the index for food increased 0.4 percent. Together, these two indexes contributed over 75 percent of the monthly all items increase.
Jobless will be interesting to watch as well because the impacts of the Hurricanes will make that number even more worthless than normal.
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