October 10, 2024 at 01:30PM
Prior was +2.5% y/y
m/m reading at +0.2% vs +0.1% expected
Month-over-month unrounded +0.1604% vs +0.081% prior
Core measures:
Core CPI +3.3% vs +3.2% expected
Core CPI m/m +0.3% vs +0.2% expected
Core unrounded +0.3124% vs +1549% m/m
Real weekly earnings -0.1% vs +0.5% prior
Core services ex shelter +0.554% vs +0.239% prior
Core-CPI services ex-rent/OER +0.404% vs +0.328%
prior
These are hot numbers and will further underpin the ongoing US dollar rally but the market is also noting the jump in initial jobless claims at 258K compared to 230K prior. That’s likely hurricane impacted though.
This article was written by Adam Button at www.forexlive.com.