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30th Oct 2024 10:39USDaily Monitor

  • The latest claims data suggest the hit to NFP from Hurricanes Helene and Milton was relatively small.
  • September’s hefty rise in the core PCE deflator will be a blip; October’s storm-related boost will be small. 
  • Job market loosening points to lower core inflation in 2025, but Mr. Trump’s tariffs would upend that story.

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Keywords for: 1 November 2024 US Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence