Recent economic indicators show a slight uptick in inflation, surpassing analysts' projections. The Consumer Price Index (CPI) rose 0.2% month-over-month, while core CPI increased by 0.3%. Year-over-year figures paint a similar picture, with overall CPI at 2.4% and core at 3.3%.
Simultaneously, the job market displayed unexpected movement. Initial jobless claims jumped to 258,000, significantly above the forecasted 230,000 and previous week's 225,000.
These figures suggest potential economic headwinds, warranting close observation in the coming months.
For the Fed, this is like a split ass.