US retail sales are expected to rise 0.2% in tomorrow’s December report vs. the previous month, according to The Capital Spectator’s median point forecast for several econometric estimates. The median prediction reflects a substantial deceleration in growth vs. the previous month’s 0.7% advance.
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Daily Archives: January 13, 2015
Will Lowflation Delay The Fed’s First Rate Hike?
Atlanta Fed President Dennis Lockhart says that the central bank is still on track to start raising interest rates in mid-2015. Speaking at a conference yesterday, he reasoned that the U.S. economy “is hitting on all cylinders.” But the renewed decline in bond yields, driven by an accelerating wave of disinflationary momentum around the world, suggests that the first rate hike will be delayed.
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Initial Guidance | 13 January 2015
● Fed’s labor-markets conditions index climbs in December | MarketWatch
● The Conference Board Employment Trends Index Increases in December | CB
● Fed’s Lockhart sees strong U.S. growth, rate hike in mid-2015 | Reuters
● China exports surge, but policy easing still needed | CNBC
● UK inflation rate falls to 0.5% in December | BBC
● Italy Output Rises More Than Expected Boosting Recovery Optimism | Bloomberg
● Russia faces wave of bankruptcies if interest rates don’t fall | CNN