High-Frequency Post-Virus Recovery - 2024-10-23
Date:
Thursday, October 24, 2024
Summary:
A gigantic beat in new jobless claims is the good news. The bad news is that the "Truflation" real-time CPI simulator continues to show inflation running hot as October wraps up. It's setting up for a second-in-a-row miss when actual CPI data is released in November. That will be after the Fed meets, but they won't like it.