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Jump In Jobless Claims, Slower PPI Nod To Elusive US Disinflation
US producer prices rose less than expected and jobless claims exceeded estimates, in a round of data that may help cement the case for an end to the most aggressive Fed tightening cycle in a generation, although that overstates the importance of what, admittedly, isn't top-tier data.
At 264,000, claims rose 22,000 in the week to May 6, and were the highest since October of 2021. The range of estimates, from nearly four-dozen economists, was 232,000 to 260,000.
As a reminder, the claims narrati
