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: