U.S. Economic News

July 12, 2018

U.S. Economic Indicators

Consumer prices edged up 0.1% in June (up 2.9% on the year). The “core” CPI, which excludes food and energy, rose 0.2% in June and is up 2.3% on the year.  BLS Report

Initial jobless claims dropped 18,000 to 214,000 last week. 
The four-week moving average decreased 1,750 to 223,000.  DOL Report

U.S. News

The Wall Street Journal reports that according to a recent survey, economists expect the unemployment rate to drop to a 50-year low of 3.6% by 2019. Many surveyed economists predict that recent tax cuts and increased federal spending will strengthen demand, which should provide a boost to hiring throughout this year and into 2019. WSJ

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