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The consumer price index rose 0.5% in September, the second big increase in a row and the largest in eight months. Economists polled by MarketWatch had forecast a 0.6% gain owing to higher gasoline prices.
READ MORESeniors who collect Social Security are slated to receive a 2% increase in their monthly checks in 2018, marking the biggest gain in six years. The cost-of-living adjustment is the largest since a 3.6% increase in 2012. Might not sound like much, but it’s a lot more than the nation’s 42 million retirees got in
READ MOREU.S. retail sales were lower than expected in September, but recovered from the prior month’s 0.2 percent slide. The Commerce Department said on Friday retail sales rose 1.6 percent vs. the 1.7% expected.
READ MOREInitial weekly jobless claims fell by 15,000 to 243,000 in early October to mark the lowest level in six weeks. Economists polled had forecast claims to total 250,000. The more stable monthly average of new claims dropped by 9,500 to 257,500 in the week ended Oct. 7. The number of people already collecting unemployment benefits,
READ MOREThe producer price index jumped 0.4% in September. Another measure preferred by economists, known as core PPI, rose a smaller 0.2%. The core rate strips out food, energy and trade margins. The increase in the PPI pushed the 12-month rate of wholesale inflation to 2.6%, the highest level since February of 2012.
READ MOREAugust JOLTS 6.082M vs. estimates of 6.125M. This report continues to show a very large amount of unfilled jobs, mostly due to a mismatch of skills of workers looking for work vs skills needed for the open position and signifies room to run for wages as competition heats up for the skilled.
READ MOREChicago Fed President Charles Evans on Wednesday said a December interest rate hike was not a done deal, according to a report by the Wall Street Journal. In a talk in Zurich, Evans said he saw scope for an “honest discussion” about whether it is the right time to raise interest rates. Evans said the
READ MOREThe U.S. workforce shrank by 33,000 jobs in September as employment was undercut by hurricanes Harvey and Irma. It was the first contraction in seven years. Economists polled had predicted a 75,000 increase in nonfarm jobs, but estimates were all over the map because of uncertainty about the effects of the storms. The unemployment rate,
READ MOREThe U.S. trade deficit dropped 2.7% in August to $42.4 billion from $43.6 billion in July. Economists polled by MarketWatch had forecast a $42.6 billion gap. Imports slipped 0.1% to $237.7 billion. Exports rose 0.4% to $195.3 billion, the Commerce Department said Thursday.
READ MOREThe Institute for Supply Management’s index of service-oriented companies such as banks and retailers jumped to a 12-year high of 59.8% in September from 55.3%. The last time the index was higher was in August 2005.
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