Consumer Price Index (CPI)
- *Definition*: The Consumer Price Index is a measure of the average change in prices of goods and services consumed by individuals.
- *Importance*: The CPI is used to measure inflation and its impact on consumers' purchasing power.
- *Impact on the economy*: An increase in the CPI may lead to higher inflation, which can affect monetary and fiscal policy.
Unemployment Claims
- *Definition*: Unemployment claims are the number of people who have applied for unemployment compensation.
- *Importance*: Unemployment claims are used to measure the state of the labor market and its impact on the economy.
- *Impact on the economy*: An increase in unemployment claims may lead to higher unemployment rates, which can affect economic growth.
Monitoring CPI and Unemployment Claims
- *Importance*: Monitoring the CPI and unemployment claims can help in understanding the state of the economy and its impact on financial markets.
- *Impact on financial markets*: Changes in the CPI and unemployment claims can affect interest rates, stocks, and currencies.