US industrial production is expected to post a 0.1% rise in tomorrow’s January report vs. the previous month, according to The Capital Spectator’s average point forecast for several econometric estimates. The prediction anticipates the first monthly increase in five months.
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Housing starts are expected to total 1.157 million units (seasonally adjusted annual rate) in tomorrow’s January update, according to The Capital Spectator’s average point forecast of several econometric estimates. The projection represents a modest increase over the previous month’s level of residential construction activity.
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If the Atlanta Fed’s GDP nowcast for US economic activity in the first quarter is accurate, the macro trend is accelerating in the new year after a weak Q4. If the GDPNow model’s prediction holds, we’ll also have confirmation that Mr. Market laid an egg with his recent recession warning.
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● ECB’s Draghi hints at more stimulus | USA Today
● German ZEW Indicator of Economic Sentiment Continues to Deteriorate | ZEW
● Saudi Arabia and Russia Agree To Oil-Output Freeze | Bloomberg
● US Recession Risks Bubbling Up But How Probable Is That Outcome? | Forbes
● UK inflation rises to 12-mo high in Jan | MNI
● Left-Leaning Economists Question Cost of Bernie Sanders’s Plans | NY Times