📊 Labor Market: Jobs data, unemployment rate.
💸 Inflation: CPI, PPI, Core PCE.
🏦 Fed: FOMC decisions, Fed talks.
📈 Growth: GDP, ISM, retail sales.
🧑‍💼 Sentiment: Consumer confidence.
#USecon #LaborMarket #Inflation #Fed #Growth #Sentiment
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1 CIBC: The #FederalReserve #FOMC unanimously decided to raise the benchmark federal funds rate by 25 bps to 3.75% to 4% range. The statement frames this hike explicitly aimed at getting “a timelier return to the Committee’s 2 percent goal.” 🧵
#Fed #usecon

2 CIBC: The acceleration on headline was driven largely by a rebound in #gasoline #prices as expected. The core measure, rose 0.3% after a 0.2% monthly pace in July.
#CPI #Inflation #usecon

1 CIBC: A hotter than expected core #CPI reaffirms the odds of a #Fed hike at the next #FOMC meeting. Although total CPI came in line with consensus at 0.4% m/m in August, core CPI surprised on the upside at 0.3% (consensus: 0.2%). 🧵
#inflation #usecon #USEconomy