The Weekly Bottom Line

by Sergio Mariaca on Feb 15, 2019 2:48:35 PM |Share:

Here is what happened in the Capital Markets this week.

The Weekly Bottom Line (please click link to open)

The Weekly Bottom Line, courtesy of TD Economics, includes a review of market performances, recent key economic indicators, a calendar of upcoming key economic releases, and other relevant data. The highlights from this week’s report include:  

·        December retail sales came in significantly weaker than expected, falling 1.2% m/m, with the decline being broad-based. Consumption in Q4 is now tracking around 2.6% annualized – softer than expected, but still a pretty good showing.

·        The retail sales report provides a weak handoff to 2019. The fact that the government shutdown extended into January and consumer confidence retreated on the month, further reinforces the notion for a soft print in first-quarter spending and GDP.

·        Core inflation remained at 2.2% (y/y) in January, where it has sat for five of the past six months. And there is little indi­cation that it will move in either direction soon. This should provide comfort for the Fed to remain patient. 


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