Weekly Economic Update January 19-23, 2015
LAST WEEK
Daily Econ Digest Weekly Highlights:
- Wall Street Journal: How Spending Sapped the Global Recovery (Friday)
- Market Watch: More job openings, but many of them are low-paying (Thursday)
- Wall Street Journal: Uniting Behind a Pro-Growth Agenda (Thursday)
- The Daily Signal: ‘There Is Just So Much Confusion Out There’: How Obamacare Figures Into Your 2014 Taxes (Wednesday)
- Market Watch: The federal government has $3 trillion in loans on its books (Monday)
Top Economic Indicator Highlights:
Consumer Price Index (December)
Headline CPI
- CPI: -0.4%, 12-mo avg.: 0.1%, Year-over-year: 0.7%
- Previous month: -0.3%
- Market expectations: -0.4%
- Underlying component changes: Energy fell 4.7%, gasoline dropped 9.4%.
- This was the largest decrease in CPI since December 2008.
Core CPI
- CPI excluding food & energy: 0.0%, 12-mo avg.: 0.1%, Year-over-year: 1.6%
- Previous month: 0.1%
- Market expectations: 0.1%
- Underlying component changes: Shelter index increased 0.2%, medical care posted its largest increase, 0.5%, since August 2013; these increases were offset by other indices.
THIS WEEK
Upcoming Economic Reports & Releases:
Major Indicators
- Housing Starts (Wednesday)
- Existing Home Sales (Friday)
Chart of the Week: