PPI came in at .2 vs last month's .8. Significant, but one month does not a trend make. Also, Still at 9% for the year.
Anyway, some argue that PPI has to drop before CPI can. There is some correlational data to support this.
Markets in general and equities in particular have laser focus in inflation right now so this is likely to have an impact on openings.
Uncharted territory. Unprecedented times in so many different ways.
Thanks Tim for these positive contributions to bring this stuff to our attention with great data!