Analysts at Nomura noted this week's key upcoming data for the US.
"December’s CPI and retail sales reports highlight next week’s data release schedule."
"We expect core CPI to increase 0.2% m-o-m (0.189%), up from 0.1% in November, leaving the y-o-y rate unchanged at 1.7%. Core (“control”) retail sales likely increased at a healthy pace of 0.6% in December, boosting the PCE contribution to Q4 GDP growth."
"Looking ahead, we expect continued strength in consumer spending stemming from steady increases in employment and wages. Further, consumers will likely boost spending in response to the recently passed tax package."
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