#CPI&JoblessClaimsWatch šØšØ Breaking News (or just another Wednesday?):
The latest CPI data shows a tiny 0.1% dip, while jobless claims crept up to 223K. What does that mean? Well, inflation's apparently ācooling,ā but somehow your grocery bill didn't get the memo. And as for the rising jobless claims? Letās just call it āinvoluntary entrepreneurship.ā
Markets, of course, are thrilled. A slight dip in CPI and suddenly itās champagne on Wall Street. Meanwhile, Main Streetās still waiting for eggs to drop below luxury status.
š Meta is downsizing, Starbucks is ārestructuring,ā and the labor market? Still being called āresilientā ā because apparently that sounds better than āpeople working 3 jobs to make rent.ā
So yes, the economyās totally fine⦠if you ignore reality.