Haver
January 22, 2016
The National Association of Realtors reported that existing home sales jumped 14.7% during December (6.1% y/y) to 5.460 million (SAAR). The rise followed an unrevised 10.5% November decline that reflected new regulations which lengthened the home mortgage closing process, and thereby likely pushed some closings from November into December. Sales were stronger than the 5.12 million called for in the Action Economic Forecast Survey.
Haver
January 22, 2016
Median sales prices of existing homes rose to $224,100 in December, up 7.6% from one year earlier. The increase improved on a 3.7% y/y rise logged in June 2014. The average sales price rose 4.7% y/y.
Haver
January 20, 2016
The Consumer Price Index eased 0.1% during December following no change in November. The 0.7% twelve-month increase compared to 0.8% during 2014 as inflation during both years was held in check by lower energy costs. Prices excluding food & energy improved 0.1%, following three months of 0.2% gain. The 2.1% rise versus last December was, however, the quickest increase since 2011.
Haver
January 21, 2016
Job market strength appears to be waning. Initial claims for unemployment insurance rose to 293,000 during the week ended January 16 (-1.5% y/y) from 283,000 during the prior week, revised from 284,000. The four-week moving average rose to 285,000, the highest level since mid-April. Consensus expectations were for 277,000 applications in the Action Economics Forecast Survey.
Reuters
January 19, 2016
Bloomberg
Tuesday, January 19, 2016
January 18, 2016
The New York Times
China's GDP increased by 6.8% in the fourth quarter compared with Q4 of 2014, the slowest pace since 2009. Full-year economic growth reached 6.9%. Growth is expected to decelerate to 6.5% this year, analysts say.
Bloomberg
January 21, 2016
The People's Bank of China has injected 400 billion yuan into the interbank market through seven- and 28-day reverse-repurchase agreements, stepping up efforts to counteract tightening liquidity. The injection brings this month's total to about 1 trillion yuan.
CNNMoney
January 18, 2016
Puerto Rico's financial situation is worse than thought, data show. The US territory has a funding gap of almost $24 billion and more than $70 billion in debt, forcing it to default on bond payments, delay tax refunds and suspend payments for inmate food.
CNBC
January 19, 2016
The International Monetary Fund expects the world economy to expand by 3.4% this year, a reduction from a previous forecast. The IMF says higher interest rates in the US, lower commodity prices and a slowdown in developing economies, particularly China, are major threats to economic growth.
CNNMoney
January 23, 2016
The Wall Street Journal
Sunday, January 24, 2016
Leaders said at the World Economic Forum in Davos, Switzerland, that the global economy is not as bad as it might seem. China's slowdown, if handled well, will lead to a more stable economy; emerging markets are still driving growth; and falling oil prices are a boon to consumers, strengthening the middle class, the leaders said.
Bloomberg
January 19, 2016
Companies facing potential credit downgrades totaled 655 at the end of 2015, the highest year-end number since 2009, Standard & Poor's said. The average is 613, the credit rating agency said.

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