14th June 2024

  • US Jobless Claims Rise to Highest in 9 Months, Led by California

New applications rose to 242,000 last week, more than expected

Four-week moving average climbed to highest since September

https://blinks.bloomberg.com/news/stories/SF0S1PT0G1KW

  • US Producer Prices Surprise With Biggest Decline Since October

PPI fell 0.2% in May on sharp decrease in energy costs

Most categories that feed Fed’s favored price gauge were tame

https://blinks.bloomberg.com/news/stories/SF0RGIT1UM0W

  • US Money-Market Funds Hit All-Time High of $6.12 Trillion (1)

Total assets climbed in week to June 12, according to ICI data

Surpasses prior record high-water mark reached in April

https://blinks.bloomberg.com/news/stories/SF1AE2DWRGG0

  • Fed Diverges From Global Peers in New Era of Higher for Longer

https://blinks.bloomberg.com/news/stories/SEVGXKDWRGG0

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