High-Frequency Post-Virus Recovery - 2024-11-20
Date:
Thursday, November 21, 2024
Summary:
Claims low again. Claims beat again. The real news is that our "Truflation" real-time CPI tracker is now in outright deflation in November with two thirds of the month completed. This sets up for a great CPI number just before the December FOMC, breaking the little losing streak of misses that seem to be making the Fed think twice about another cut.