Initial unemployment claims rose by 6,000, to 227,000, and continuing claims rose slightly to 1.7 million.
Meanwhile, PCE (Personal Consumption Expenditure) inflation rose slightly, from 3% in June to 3.3% in July.
I expect the Fed to use this as an excuse to raise rates again, because everything is an excuse to raise rates.
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A member of the Democratic wing of the Democratic party, and a fan of Bernie who thinks Neoliberal (DLC/New Dem) trickle down conomics sucks.Mechanical Engineer with a background in defense, electronics packaging, medical & food equipment, transportation, and manufacturing.
In my spare time (Hah!), I am the developer of the Firefox addon, bbCode for Web Extensions (bbCodeWebEx).
I have two cats, a black cat, and a gray and white long hair cat, who keep me on my toes. (Because he keeps attacking my feet)
I am a Jew and a Zionist, who is married to a woman with exquisitely bad taste in men, and I have two remarkable children with her.
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