High-Frequency Post-Virus Recovery - 2024-12-04
Date:
Thursday, December 5, 2024
Summary:
Initial claims miss a little bit, for the first time in many weeks. But continuing claims beat by more. The really key thing is that our "Truflation" real-time CPI indicator finished out November with an outright deflationary reading of -1.4% at an annual rate, setting up for a delicious beat just before the FOMC meets. So far December is showing a similar deflation.