US retail sales are expected to increase 0.2% in tomorrow’s December report vs. the previous month, according to The Capital Spectator’s average point forecast for several econometric estimates. The average prediction matches the growth rate in the previous month.
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US industrial production is expected to post no change in tomorrow’s December report vs. the previous month, according to The Capital Spectator’s average point forecast for several econometric estimates. The prediction reflects relative improvement in comparison with the previously reported 0.2% decline in November.
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The recent increase in junk bond yields is a warning sign that recession risk is rising, says Martin Fridson, a money manager at Lehmann Livian Fridson Advisors. “I am not an economic forecaster — this is what the market is saying,” he told Bloomberg on Tuesday. “There are lots and lots of caveats, but if you accept all of the assumptions, it’s a pretty startling comment,” says this respected veteran of all things high-yield-bond related.
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● US Economy Expands as Wages Stay Flat, Fed’s Beige Book Says | Bloomberg
● Mortgage applications in US rebound 21% | CNBC
● Year-ahead inflation outlook dips to 1.8% via US businesses | Atlanta Fed
● US Foreclosures at 9-Year Low in 2015 But Up in Some Oil Towns | MNI
● Survey finds that Americans see gov’t, economy as top US problems | Gallup
● China may slow Fed’s interest rate rises: Fed officials | Reuters
● German Economy Defied 2015 Global Slowdown via Stronger Growth| Bloomberg