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Jobless rate aligns with inflation for 7th time since 1960, Lisa Abramowicz notes
Lisa Abramowicz, journalist and co-host on Bloomberg TV/Radio, highlights that if the U.S. jobless rate falls to 4.2% or below, it would align with or come in below the expected 4.2% Consumer Price Index (CPI) next week.
According to data cited from BofA's Michael Hartnett, this scenario has only occurred seven times since 1960, when inflation was running close to or above the jobless rate. Previous instances were in 1966, 1973, 1990, and 2000.
Abramowicz has recently tracked other key market developments. She reported that the U.S. stock market’s nine-week rally is the longest streak since 2023, with a 10th week approaching a record not seen since 1985. Earlier, she cited Chevron’s guidance that oil shortages could emerge within weeks as U.S. gasoline prices may rise. These updates reflect ongoing monitoring of economic and energy trends.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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