CPI generating hawkish signal; stickiness coming from shelter, transport services. Reinforces narrative of persistent services inflation. Gives the hawks @ Fed justification to hold on 50bps cut, increases chance of 25bps cut instead (mostly priced in).

Jobless claims a dovish signal; significant jump of 27,000 marks the highest level for initial claims in nearly two years (since Oct 2021). The 4-week MA also rose sharply, indicating this is not just a one-week anomaly.
Directly validates Powell's pivot to focus on "downside risks to the labour market." Confirms that the weakness seen in the last NFP report is continuing and perhaps accelerating.

fED cares this number with high importance. Text week .50 is coming.

STAGFLATION

Such significant deviations from economists' estimates mean only one thing - the Fed should conduct its own labor market statistics rather than collecting information from a department subordinate to Trump.

GU to the moon

Good for DXY: MAGA, $, USA!

I hear he is restocking his paint supplies. word on the street is that he uses his own fecal matter as the base ingredient




FF calendar has 4.25 fomc ,,, I consulted my magic man and he said you will see 4.0 maybe 3.75 if you ask sir too late nicely

Insert link to snake oil here---

Mr. Orange is very quitet today ..

Please sir, I want some more


MORE ??? !!!!