Retail Sales and Wholesale Prices Rise while Consumer Sentiment Remains Steady in the Weekly Market Update by Valeo Financial Advisors (January 14, 2017)
January 14, 2017    Disclosures    POSTED IN  InvestmentsEconomyMarkets

Retail sales rose in December by 0.6% following a 0.2% move in November according to Commerce Department data.  For 2016 sales grew at a 3.3% pace from 2.3% in 2015.

The Producer Price Index, a measure of inflation, advanced in December by 0.3% matching analyst expectation; the measure gained 1.6% from the prior year approaching the Federal Reserve’s general target of 2.0% inflation.    Stripping out volatile food and energy prices, core PPI increased 0.2% from the previous month and 1.6% on the year.

The preliminary January measurement of consumer sentiment from Michigan University remains steady on the expectation of expansionary fiscal policy in the new administration.

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