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Here are some things I think I am thinking about this week: 1) CPI comes in soft: Wednesday’s CPI report was a big relief for the Fed after 4 consecutive upside surprises. The key metric was core CPI which came in at 3.62% year over year vs last month’s rate of 3.8%. This continues the clear downward trajectory that was so dominant last year. There were ...
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Industrial production in the United States in April remained unchanged in April compared to the month prior, the Federal Reserve shared in its report posted on Thursday. The industrial output fell 0.4% year over year. Manufacturing production edged down 0.3% month on month and 0.5% compared to April 2023. Mining lost 0.6% compared to March and saw an annual ...