Jobless Claims Data and Consumer Price Index Update

Real Estate Jerky Daily

Welcome to another episode of the Real Estate Jerky Daily with your host, Ed Parcaut. In today's market update, Ed dives into the latest key economic data and its impact on the bond market and interest rates. **Topics Covered:** - **Initial Jobless Claims:** A look at the 222,000 claims for the last week, reflecting a decrease of 17,000 from the prior week. - **Continuing Jobless Claims:** Analysis of the slight decrease to 1.852 million and what it may imply. - **Consumer Price Index (CPI):** A decrease of one-tenth month-over-month and three-tenths year-over-year, indicating improvements in inflation rates. - **Core CPI Rate:** Insights into the core CPI rate, which excludes food and energy prices. - **Bond Market Reaction:** How the positive economic data caused an upward shift in bond market basis points, potentially leading to better rates. - **Looking Ahead:** A brief preview of the upcoming Producer Price Index (PPI) report. While today's episode primarily focuses on economic indicators and their impact, Ed offers advice for real estate agents and clients on how to navigate the current market conditions, especially in terms of interest rate locking. Don't forget to tune in tomorrow for more updates, and make it a great day! ---

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