Conference Board Leading Economic Indicators, S&P Global US Manufacturing and Services Purchasing Managers Indexes (PMI), Chicago Fed National Activity Index, Gross Domestic Product, Durable Goods Orders, New Home Sales, Personal Consumption Expenditures, Pending Home Sales.
Financial markets were focused on the release of inflation data this week inclusive of both the Consumer Price Index (CPI) and Producer Price Index (PPI). The CPI increased to 0.3% month-over-month and 3.4% year-over-year in December, increasing from 3.1% year-over-year in November.
Starting off the new year, the December employment report exceeded expectations by adding 216,000 jobs to the US economy, surpassing the consensus forecast of 175,000. Leading sectors in job gains included government (+52,000, primarily from local government positions), leisure and hospitality (+40,000), and healthcare (+38,000).
