So, initial unemployment claims claims dropped to the lowest level in 6 months. The 4-week moving average and continuing claims fell as well.
Meanwhile, the consumer price index is flat, making the path to the Federal Reserve's is less certain, and the producer price index rose, with core producer prices rising higher still.
From an economic standpoint, I m not sure what it all means, but from a monetary and regulatory perspective, I would expect to see the Fed pause, or at least slow its reductions in interest rates.
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