Weekly Indicators: interest rates continue to deteriorate edition

April data included PPI and CPI, both up modestly m/m. University of Michigan’s measure of consumer sentiment was unchanged. March wholesale sales and inventory were both up by the same percentage. The JOLTS report for March showed a spike in job openings, which are up roughly 20% YoY, but a decline in actual hires, which are virtually flat YoY. Voluntary quits increased, while total separations decreased.