High-Frequency Post-Virus Recovery - 2024-09-25
Date:
Thursday, September 26, 2024
Summary:
Anyone who thinks the Fed is going to cut 50 bp again in November needs to look at this high-frequency data. New claims are incredibly low, and they beat the consensus. Our "Truflation" inflation indicator is ticking up MTD September, suggesting a bad miss when CPI is reported in mid-October.