#CPI&JoblessClaimsWatch Comparing the CPI and jobless claims data, we observe a dichotomy: inflation shows signs of cooling in some areas (e.g., energy), but core measures remain elevated, particularly in shelter and food, which are significant for consumer budgets. The labor market, on the other hand, remains robust, with low jobless claims suggesting strong employment conditions. This could imply that wage pressures might continue to support inflation in services, particularly in sectors like healthcare and housing.The annual CPI increase of 2.4% is lower than recent months, suggesting a potential moderation in inflation, but the core CPI at 2.8% indicates underlying pressures. The jobless claims data, with a steady four-week average, aligns with a stable economy, potentially allowing the Federal Reserve to maintain a cautious approach to interest rates, balancing inflation control with labor market support