Daily Market Update 1/14/11

Mortgage rates were little changed Friday, ending the week about where they started. In economic news, the December Consumer Price Index (CPI) rose 0.5%, above the consensus forecast, but just 1.5% higher than one year ago. Core CPI, excluding volatile food and energy components, rose 0.1% last month, and was 0.8% higher than December 2009. Retail Sales fell short of expectations, rising 0.6% from November. Industrial Production rose 0.8%, well above forecast. Capacity Utilization increased to 76.0%, the highest level since August 2008. Consumer Sentiment declined unexpectedly. Overall, today’s data showed slowly improving economic growth with low inflation. No other key data will be released today.

Leave a Reply

Your email address will not be published.

Back to top