Est. 2021
Outcomes are derived from multi-database analysis.
This content is for informational purposes only and does not constitute financial advice 🚨
BREAKING: May PPI Inflation surges to 6.5%, above expectations of 6.4% and the highest level since November 2022.
Core PPI Inflation came in at 4.9%, in-line with April's revised levels.
PPI inflation is now at pandemic stimulus levels.
Odds of rate HIKES continue to rise.
Inflation in the US is now up to levels that were last seen after $4 trillion in pandemic stimulus was handed out for "free."
The worst part?
Most Americans have no idea that it is happening.
The US job market is sending conflicting signals:
US hiring rate fell -0.3 percentage points in April, to 3.2%, the 2nd-lowest since the 2020 pandemic low and in-line with 2008 levels.
This metric has now been at or below 3.5% for 26 consecutive months.
Excluding the government sector, the private hiring rate declined -0.4 percentage points in April, to 3.5%, in-line with the 2020 low.
Both figures are also significantly below the 2001 recession levels.
Meanwhile, JOLTs and the May jobs report both crushed expectations.
Despite the bullish numbers, US hiring remains historically depressed.