Guardian Stockbrokers Key Economic News Friday 11 August 2023

The key points from today’s economic news, brought to you by Guardian Stockbrokers.

US CPI rose less than expected in July

In the US, the CPI advanced 3.20% on a YoY basis in July, compared to a rise of 3.00% in the previous month. Markets were expecting the index to rise 3.30%.

US initial jobless claims climbed more than anticipated in the week ended 04 August 2023

In the US, initial jobless claims advanced to 248.00 K in the week ended 04 August 2023, compared to a level of 227.00 K jobs in the previous week. Markets were expecting jobless claims to rise to 230.00 K.

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