📌, U.S jobless claims missed the analysts forecasts of 235K with the reported 244K. U.S inflation data still show high growth in prices with price consumer index reporting a growth in June of 0.7% beating the analysts forecasts of 0.6% making a annual inflation of 9.1%. In my opinion over 10% annual inflation shouldn't be a surprise until the end of the year especially with producer price growth results and even with the interest rates hikes that will take some time to actually affect economy. Producers price index reported 1.1% growth in prices beating the analysts forecasts of 0.8% growth. Producers price index is leading indicator for the consumers prices because when producers face inflation, the increases in their production costs are eventually passed on to retailers and consumers. With this inflation data we should expect that U.S central bank to hike interest rates by 1% in the end of this month b