Yellen on The Hill
|U.S. Review
Yellen on The Hill
- Retail sales grew a stronger than expected 0.4 percent in January, a sign that consumer spending will continue to be a solid support to GDP growth in Q1.
- Inflation measures surprised to the upside in January with both the Consumer Price Index and the Producer Price Index climbing 0.6 percent for the month. Core inflation measures also remained firm for the month.
- Housing starts fell 2.6 percent in January after rising 11.3 percent in December. Single-family starts still posted an increase for the month. The more forward looking permit data indicated that the downshift in starts may be temporary.
Global Review
Japan Strings Together Four Quarters of Growth in 2016
- Preliminary estimates released this week suggest that the Japanese economy expanded at an annualized rate of 1.0 percent in the fourth quarter.
- While that was a shade lighter that most analysts had forecast, it marks the first time that Japan has had positive GDP growth for all four quarters of the year since 2005.
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