Daily Market Update 1/30/17

Rates were little changed Monday as stocks moved lower.  This morning, the December Core PCE price index, the Fed’s preferred measure of inflation, rose 0.1%, below an expected increase of 0.2%, and was 1.7% higher than one year ago.  Personal Income increased 0.3%, slightly below forecast.  December Pending Home Sales rose 1.6%, beating expectations, after declining 2.5% in November.  No other key data will be released today.

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