Key data releases this week include: housing starts (Tue), existing home sales (Wed), 3Q GDP revision (Thu), leading economic indicators (Thu), personal spending (Fri), durable goods orders (Fri), new home sales (Fri), and consumer sentiment (Fri).
Haver
December 12, 2017
Small business optimism in the U.S. rose 3.7 points in November to 107.5 (1986=100), the second highest reading of this index in the 44-year history of the survey conducted by the National Federation of Independent Business; the only reading higher was 108.0 in July 1983.
Haver
December 13, 2017
The Consumer Price Index increased 0.4% (2.2% y/y) during November following a 0.1% October rise. The gain matched expectations in the Action Economics Forecast Survey. Prices excluding food & energy rose 0.1% (1.7% y/y). A 0.2% gain had been expected.
Haver
December 13, 2017
At Wednesday’s meeting of the FOMC, the federal funds rate target was raised to a range of 1.25 percent to 1.50 percent from 1.00 percent to 1.25 percent. It was the third action taken this year. The financial markets had expected today's action as indicated in the Action Economics Forecast Survey.
Haver
December 14, 2017
The consumer exhibited noticeable buying power last month. Total retail sales and spending at restaurants jumped 0.8% (5.8% y/y) during November following a 0.5% October increase, revised from 0.2%. A 0.3% improvement had been expected in the Action Economics Forecast Survey.
Reuters
December 14, 2017
Politico Pro
Thursday, December 14, 2017
The European Central Bank says economic growth and inflation are picking up across the eurozone, and projected inflation of 1.7% is close to the central bank's target, but the ECB has left stimulus unchanged. All economic trends are headed in the right direction, President Mario Draghi says, but "an ample degree of monetary stimulus remains necessary."
Reuters
December 12, 2017
Economists were caught off guard when UK inflation jumped to the highest rate in almost six years in November. Data show an annual rate of 3.1% for consumer price inflation.
Capital Economics
December 18, 2017
Our China Activity Proxy (CAP) suggests that economic conditions stabilized in November but with growth much weaker than it was in the middle of the year. We expect a further slowdown during 2018.
Barron’s
December 18, 2017
Should the S&P 500 index post a positive total return in the month of December, 2017 would be the first year ever in which the index had no negative months.
WSJ
December 18, 2017
One of the hottest cryptocurrency investments of 2017 comes from a software startup that doesn’t plan to sell any software and describes what it is selling—something called a digital token—as having “no purpose.”

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