Inflation eased, but manufacturing eased too. One’s good, the other not so good. So, everyone calling for higher rates anytime soon can put that talk off for a month or two. There really isn’t much inflationary pressure. On the other hand, (I put that in there for Tiger Town Tom) we have more troubling numbers out of the manufacturing sector. So, it still appears that we are in a long, hard, slow slog in the economy.
Economic Event | Period | Economic Survey | Actual Reported | Original Prior | Revised Prior |
MBA Mortgage Applications | AUG 10 | | -4.5% | -1.8% | |
Consumer Price Index MoM | JUL | 0.2% | 0.0% | 0.0% | |
CPI Ex Food & Energy MoM | JUL | 0.2% | 0.1% | 0.2% | |
Consumer Price Index YoY | JUL | 1.3% | 1.4% | 1.7% | |
CPI Ex Food & Energy YoY | JUL | 2.2% | 2.1% | 2.2% | |
Consumer Price Index NSA | JUL | 229.505 | 229.104 | 229.478 | |
CPI Core Index SA | JUL | | 230.124 | 229.916 | |
Empire Manufacturing | AUG | 7 | -5.85 | 7.39 | |
John Broussard
Assistant State Treasurer
Chief Investment Officer
State of Louisiana
Department of the Treasury
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