Latest Insights

Although economic data was light this holiday shortened week, market participants gained further insight into the possible path forward for monetary policy through the release of the Federal Open Market Committee (FOMC) meeting minutes as well as trends in the US housing market.

This week’s economic data provided valuable insight into the state of the consumer and inflation. The headline Consumer Price Index (CPI) accelerated to 0.5% m/m and 3.0% y/y in January. The Core CPI, which excludes the volatile food and energy sectors, jumped 0.4% m/m and 3.3% y/y.