Bloomberg: First-Time Unemployment Claims in U.S. Unexpectedly Increase to 474,000 -That’s a 10% jump from the previous week and the highest since August. It’s also 64,000 higher than so-called economists expected. The four-week moving average climbed to 431,250.
Bloomberg: Food Prices Rise to Near-Record as Inflation Accelerates – But since we exclude food from the “core” inflation rate, nothing to see here …. keep it moving.