Author: Zac Martin, Investment Associate
Week Ending March 17th – Corrected?
Job Openings saw a slight increase and remains slightly elevated above the October low, there are currently 7.7Mil job openings. Quits also increased slightly, as well as the Hires rate. Overall, the number of unemployed persons per job opening continues to rise, however, the ratio still remains below 1-to-1. See graph below.
Consumer Price Index fell below expectations to 2.8% and Core also saw a deceleration to 3.1%. This deceleration was primarily due to “sticky” parts of inflation moving closer to the Fed’s target. See chart below.
Producer Price Index was flat month-over-month and for the year-over-year period it came in at 3.2%, below analyst estimates. Food prices saw the largest increase, which was offset by energy prices.
The Week Ahead:
- Retail Sales (3/17)
- Building Permits, Housing Starts (3/18)
- FOMC Meeting (3/19)
- Leading indicators (3/20)
HORAN Capital Advisors, LLC is an SEC registered investment advisor. The information herein has been obtained from sources believed to be reliable but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results. Market conditions can vary widely over time and there is always the potential of losing money when investing in securities. HCA and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only and is not intended to provide and should not be relied on for tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.