Daily Market Update 1/11/13

Mortgage rates held steady Friday, with little net change for the week.  This morning, December Import Prices fell 0.1%, compared to a consensus forecast of +0.1%.  The November Trade Deficit rose to $48.7 billion, exceeding expectations.  Stocks moved lower.  Key economic news next week includes Tuesday’s release of Retail Sales and the Producer Price Index for December.  The Consumer Price Index comes out on Wednesday.  No other key data will be released today.

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