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Unformatted text preview: CPI this time as released before PPI All items increased by .4 percent The core increased by .3 Unadjusted- 4.3% If this is the start of the trend, it will be interesting to see how the Fed reacts Economics Release: Initial Claims 4 week Moving Average Now its above 350,000 A lot of variation Low point was in May Small upward trend of the graph Labor Market is slowing down At 360,500 right now Expect to be closer to 350,000 next week The last 3 weeks, we have seen a definite uptake in the number of people continuing to file for unemployment insurance Total Number has increased by over 80,000 o Last time this happened there was a huge drop in jobs...
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