Daily Econ Digest Weekly Highlights:

• Bloomberg View: Cheap Gas Won't Stick Around (Friday)
• Real Clear Market:  One Year After the ACA, Healthcare That Is Less Affordable and Accessible (Wednesday)
• Economics21: Ignoring the Yield Curve May Be Dangerous to Your Health (Wednesday)
• Market Watch: IMF cuts global economic-growth outlook (Monday)
• Wall Street Journal: The State of the Economy, in Eight Charts (Monday)

 

Top Economic Indicator Highlights:

Housing Starts (December)

Starts

• Starts Level: 1,089,000, 12-mo avg.: 1,003,700, Year-over-year: +5.3%
• Previous month: 1,043,000
• Market expectation: 1,041,000
• Underlying component changes: The single-family component of housing construction starts was strong.

Permits

• Permits Level: 1,032,000, 12-mo avg.: 1,021,200, Year-over-year: +1.0%
• Previous month: 1,052,000
• Market expectation: 1,060,000
• Underlying component changes: Single-family permits to build increased 4.5% while multifamily permits fell 11.8%.

 

THIS WEEK

Upcoming Economic Reports & Releases:

Reports

• CBO Budget and Economic Outlook: 2015-2025 (2pm, Monday)

 

Major Indicators

• Durable Goods Orders (8:30am, Tuesday)
• S&P Case-Shiller Home Price Index (9am, Tuesday)
• New Home Sales (10am, Tuesday)
• Federal Open Market Committee (FOMC) Meeting Announcement (2pm, Wednesday)
• Pending Home Sales Index (10am, Thursday)
• GDP (8:30am, Friday)
• Employment Cost Index (8:30am, Friday)

 

Chart of the Week: