10-31-2024, 12:43 PM
Sorry, another one. More good news:
Key Inflation Metric Hits Lowest Point Since 2021 In Final Report Before Election (from that liberal rag, Forbes).
Global. Glo-bal. Global, post-pandemic inflation. Everyone saw post-pandemic inflation, not just us. But few if any countries have done as well since.
One more last report is due (tomorrow) before election day:
I’m betting that the jobs number surprises to the upside, again.
Key Inflation Metric Hits Lowest Point Since 2021 In Final Report Before Election (from that liberal rag, Forbes).
Inflation was 2.1% last month, according to the personal consumption expenditures price index, which measures how much more Americans spent this September than in Sept. 2023.
That matches consensus economist estimates of 2.1% headline PCE inflation reading, according to FactSet data, coming in at the lowest level since Feb. 2021’s 1.85% before the global inflation crisis ravaged Americans’ wallets.
Global. Glo-bal. Global, post-pandemic inflation. Everyone saw post-pandemic inflation, not just us. But few if any countries have done as well since.
One more last report is due (tomorrow) before election day:
The last remaining major economic update due before Election Day will be Friday morning’s employment report, which will reveal October’s unemployment rate and labor market growth. Consensus economist forecasts call for an unemployment rate of 4.1%, flat from September, and 110,000 jobs added, the weakest growth since April.
I’m betting that the jobs number surprises to the upside, again.