Newsletter - 10/17/2022
Week of October 10, 2022 in Review
Inflation was hotter than anticipated in September while initial unemployment claims are trending higher. Here are the key details:
- Consumer Inflation Remains Hot But Is Hope Ahead?
- Producer Inflation Also Higher Than Expectations
- Fed Minutes Convey Hawkish Tone
- Initial Jobless Claims Rise for Second Consecutive Week
Consumer Inflation Remains Hot But Is Hope Ahead?
The Consumer Price Index (CPI), which measures inflation on the consumer level, showed that inflation increased by 0.4% in September, double the amount economists expected. On an annual basis, inflation declined from 8.3% to 8.2%, though this was also above estimates.
The real story here…