Market Overview

■ In December, consumer prices developed as expected, gaining 0.3% m/m and 0.1% when food and energy components are excluded. On a year-on-year basis, this resulted in a slight acceleration,...

Market MoversUS housing starts and building permits should give us a better idea of a possible bad weather impact in December as suggested by the disappointing labour market report for December....

To see where the U.S. housing market is headed, we really need to look at what real home buyers—those who are planning to stay in their home for the long term—are doing. Institutional...

In a mostly quiet pre-weekend session, sterling jumped more than a cent in response to news of a shockingly strong retail sales increase of 2.6%. The consensus was for less than 0.5%. On a...

After a dismal non-farm payroll report (NFP) last week that badly missed expectations, unemployment benefits fell for the second week in a row. Another sign that the sharp, expectant, slowdown in job...

US housing starts and building permits should give us a better idea of a possible bad weather impact in December as suggested by the disappointing labour market report for December. Particularly...

Market Movers ahead Eurozone PMI may struggle to climb higher but already indicates decent growth. We expect consumer confidence to continue to rise. A lot of important data is due out in China -...

Dollar Progress Needs an Active Catalyst – Like Risk Aversion Euro Enjoys Capital Flows, Policy Makers Take Greater Risks Yen Crosses Fail to Take New Highs, BoJ Decision Next Week Dollar...

This morning I perused the front page of the Financial Times the old-fashioned way (i.e. by physically holding the newspaper in my hands rather than visiting the website) over breakfast in a NY hotel...

US industrial production in December is projected to increase by 0.4% vs. the previous month in tomorrow's release from the Federal Reserve, according to The Capital Spectator's median econometric...

Housing starts are expected to total 1.023 million in tomorrow’s update for December, based on The Capital Spectator's median econometric forecast (seasonally adjusted annual rate). The...

New filings for unemployment benefits inched lower last week, dropping for the second week in a row. The decline of 2,000 to a seasonally adjusted 326,000 for the week through January 11 is a welcome...

Note from dshort: The charts in this commentary have been updated to include the December Consumer Price Index news release for the November data.The Fed justified a previous round of quantitative...

Here is a table showing the annualized change in Headline and Core CPI, not seasonally adjusted, for each of the past five months. I've also included each of the eight components of Headline CPI and a...