Key data releases this week include: industrial production (Wed), NAHB housing index (Wed), Fed Beige Book (Wed), housing starts (Thu), and consumer sentiment (Fri).
Haver
January 12, 2018
The Consumer Price Index ticked 0.1% higher (2.1% y/y) during December, moderating from a 0.4% November rise. Prices excluding food & energy accelerated, however, posting a 0.3% rise (1.8% y/y ). That's the strongest increase since January 2017. The overall CPI gain matched expectations in the Action Economics Forecast Survey.
Haver
January 12, 2018
Total retail sales posted a solid 0.4% m/m (5.4% y/y) increase in December on top of strong upwardly revised rises in October and November. The initially reported 0.5% m/m increase in October was revised up to a 0.7% m/m rise, and the initially reported 0.8% m/m increase in November was revised to a 0.9% m/m increase. The December reading was roughly in line with the consensus expectation from the Action Economics Forecast Survey--for a 0.5% m/m increase.
Reuters
January 12, 2018
CNBC
Friday, January 12, 2018
Talks led by Chancellor Angela Merkel have broken a deadlock that has left Germany without a government for months, party sources say. Merkel's Christian Democratic Union, sister party Christian Social Union and the Social Democratic Party reportedly have agreed on a blueprint to guide formal coalition talks.
Reuters
January 9, 2018
Politico Pro
Tuesday, January 9, 2018
Former Italian Prime Minister Silvio Berlusconi, who is again active in Parliament, says Italy must keep the euro because abandoning the currency would harm the economy. Berlusconi's Forza Italia party is a key partner in the center-right coalition that is expected to do well in the next parliamentary election.
Financial Times
January 9, 2018
China aims to stop bitcoin mining, which consumes industrial volumes of electricity, after banning bitcoin exchanges and initial coin offerings. Most of the world's bitcoins are mined reportedly in China.
Barron’s
January 15, 2018
When the S&P 500 finishes January positive it has finished the year positive 82% of the time.
The New York Times
January 15, 2018
USA Today
Monday, January 15, 2018
January 15, 2018
The Hill
January 15, 2018
The Wall Street Journal
The US government's authority to pay bills expires Friday unless Congress passes legislation to extend the deadline, but lawmakers are struggling to strike a deal. They have been unable to agree on how to lift spending caps Congress imposed upon itself in 2011, as well as immigration, aid for areas devastated by hurricanes and health programs.
The Wall Street Journal
January 8, 2018
As major stock indexes climb, investors are abandoning hedging, which is seen as a waste of money in a competitive market. The move could create market volatility and amplify a drop in prices in a sell-off, analysts and brokers say.
The Wall Street Journal
January 8, 2018
The US Treasury market is likely to face a supply-and-demand mismatch this year as the government sells more debt to fund a growing budget deficit and as the Federal Reserve unwinds a $4 trillion-plus bond portfolio, analysts say. Goldman Sachs analysts expect the 10-year yield to hit 3% by year-end.

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