We have reached the end of the key economic data before next week’s Fed meeting. Today’s CPI data was probably the most anticipated data read out this year, and it ended up being overshadowed by initial jobless claims. August headline CPI increased to 2.9% from 2.7% while core CPI remain flat at 3.1%. Concerns around inflation remain but focus of traders has clearly shifted to the deteriorating labor market. Initial jobless claims rose to 263k, surprising investors. This is the high rate of job…
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