Oct. jobs, inflation reports may never get published
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The results for October (and November) will not increase inflation worries at the Fed. Headline CPI is estimated to stay steady at the 3 per cent September figure for both October and November. There are other modelled estimates of inflation which concur with the Cleveland Fed’s estimates.
Economic data releases — payroll and jobs reports, CPI and PPI — have lagged during the government shutdown and likely will take some time to get rolling again.
US consumer durables and personal goods inflation decelerated in October for the first time in three months, reflecting a slight pickup in the degree of merchant discounting, according to OpenBrand price data.
The Donald Trump administration is touting data from DoorDash, a food delivery service headquartered in San Francisco, which found that the prices of some groceries and everyday items purchased on the DoorDash app have gone down — and the Trump administration has drawn the conclusion that the change is because of its economic policies.
The first public release of this data will be available on Thursday, November 13 at 8:30 a.m. ET at numerator.com/ inflation.
The South African rand was stable in early trade on Thursday, retaining previous gains sparked by Finance Minister Enoch Godongwana's announcement of a lower inflation target. At 0608 GMT the rand traded at 17.
Harry Enten informed Trump that the American people have "turned against" him over inflation despite the president claiming high cost concerns are a "con job."
The roll out of more accurate price data could help Australia better tackle inflation and possibly lead to quicker rate cuts for millions of mortgage holders.