Creeping Up

Rates are a little higher today on stronger than expected jobs data. Weekly Jobless Claims fell to 450K, below the consensus forecast of 460K, and the lowest level in two months. August PPI inflation increased 0.4% from July, which was slightly more than expected. Core PPI, which excludes food and energy, matched the consensus, rising at a low 1.3% annual rate. The Dow is down 50 points.