Initial Jobless Claims Continue to Decline as Core CPI Misses Expectations

Published on
August 12th, 2021
Duration
36 minutes


Initial Jobless Claims Continue to Decline as Core CPI Misses Expectations

Daily Briefing ·
Featuring Ash Bennington, Petr Pinkhasov, and Weston Nakamura

Published on: August 12th, 2021 • Duration: 36 minutes

Real Vision senior editor Ash Bennington and Petr Pinkhasov welcome Weston Nakamura to examine the weekly jobs data, how yesterday’s core CPI actually hit below expectations, and updates on the Poly Network hack as well as a new attack on DAO Maker. Even as the jobless claims data show a third consecutive decline in new unemployment claims, demonstrating a more sustained recovery in the labor market thus far, Nakamura draws attention to the fact that core CPI actually came in below economist expectations, which might be signaling a deceleration in inflation. He unpacks why this was the case and what it means for the economy and markets in the coming months. Bennington also provides an update on the Poly Network hack and discusses a new one on DAO Maker that occurred today.

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