Weekly Highlights
10/11/24: CPI & PPI Rise, Unemployment Claims Spike
Inflation data was front and center this week.
October 11, 2024
Inflation data was front and center this week.
U.S. labor market data from September surprised to the upside, with strong job growth and a sharper-than-expected drop in unemployment, suggesting the economy may be more resilient than anticipated.
Market participants digested an abundance of economic data this week. The Personal Consumption Expenditures Price Index (PCE) was released this morning, providing the Federal Reserve with more evidence of a broad cooling in inflationary trends.
