Recent Articles
16
2024
June CPI showed inflation contracted for the first time since 2020 due to decreasing shelter expenses and less consumer discretionary spending, it came at -0.1% for the month. This caused the annual CPI rate to drop to 3.0%. Core CPI (excludes food and energy) rose 0.1% for the month and...
09
2024
The case to be made for lower rates is increasing as almost all the recent data points to a slowing economy, but so far it hasn’t materialized. Last week ISM Services showed a significant contraction. We are a service-based economy so this represents the majority of our economic...
18
2024
According to CPI released last week inflation was mostly flat in May. The headline number didn’t increase at all coming in at 0.0% vs 0.1% expected and core CPI increased 0.2% while expected at 0.3%. Core year over year is 3.4%. It’s what we wanted to see. Rates...
11
2024
272,000 jobs were added to the economy for May according to the nonfarm payrolls report. That’s almost 100k more jobs than anticipated. Important for the inflation outlook, the average hourly wages also rose higher than expected. However, the unemployment...
04
2024
The Fed’s key inflation measure PCE, was released last week and came in mostly in line with expectations showing inflation continuing to increase at the same pace as March. Core PCE did show a slightly slower pace of 0.2% increase from a 0.3% in March. Core PCE is still at 2.8%...