High-Frequency Post-Virus Recovery - 2024-09-17
Date:
Wednesday, September 18, 2024
Summary:
Looks like Powell was right (as were we). Nice beats in new and existing claims show the labor market is not in any sort of alarming stress. On the other hand... our "Truflation" real-time inflation gauge is creeping up, looking like September CPI will be a little above the Fed's 2.5% target, at 3.1% (but there's still a third of the month to go).