Weekly Commentary | June 9, 2024 | EIM Tender Starts, MUI Conversion Approved/ Check Terms

Summary

• The jobs report showed a massive split between the household survey and the establishment survey, leaving more questions than answers.

• The labor market is loosening up, but not in freefall, as indicated by the declining job openings to unemployed ratios.

• Disinflation remains intact but is slowing, and more than 50% of US CPI components are running …