High-Frequency Post-Virus Recovery - 2024-10-30
Date:
Thursday, October 31, 2024
Summary:
Claims beat yet again. That, and yesterday's ADP payrolls boom, is setting up for a nice jobs report tomorrow. The bad news is that it's the last day of the month, and the real-time "Truflation" CPI estimator is still pointing to a hot October, at 3.38% at an annual rate. That's a huge improvement from the scary estimates earlier this month, but it would still be a bad miss.