April’s Producer Price Index (PPI) delivered a major shock, with headline PPI rising 6.0% year-over-year and 1.4% month-over-month. Core PPI also surged, up 5.2% YoY and 1.0% MoM, marking the hottest producer inflation since the post-pandemic surge and far exceeding expectations. The spike wasn’t just about energy. Cost pressures were broad, with energy and fuel,…
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April’s Consumer Price Index (CPI) report surprised to the upside, with headline inflation rising 0.6% month-over-month and 3.8% year-over-year, up from 3.3% in March. Core CPI (which excludes food and energy) increased 0.4% on the month and 2.8% over the year. These gains represent the fastest inflationary pace since 2023 and have thrown cold water…
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Today’s U.S. labor market numbers offer a snapshot that’s both reassuring and unsettling. Initial jobless claims remain exceptionally low at 200,000, and overall payrolls continue to grow, clear signs that companies aren’t rushing to lay off workers and that there’s no immediate sign of a recession. Yet beneath these stable headlines, the composition of job…
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