US Consumer Prices Rise More Than Expected In August From Services Not Tariffs
Headline CPI rose 0.4% MoM (hotter than the 0.3% expected, lifting prices up 2.9% YoY - the highest since January.
Initial Claims Have A Texas-Sized Increase
Initial jobless claims spiked to 263,000, an increase of 27,000 from the previous week.
US Inflation Remains Hotter Than Hoped, But The Fed’s Focus Is Now Jobs
Inflation was a touch higher than expected, and tariffs are likely to keep it elevated over the coming months.