Athen Apaquette

On Thursday, the PPI came in down 0.1% with the core rate also down 0.1% which is normally interest rate friendly (remember bad economic news means lack of a threat of inflation which means rates stay low and vice versa).

On Friday – the CPA was up 0.1% which is normally fine, but the core rate was up stronger than expected at 0.3%, which is mortgage rate unfriendly.

The December retail sales number came in UP 0.4% which was stronger than expected.

The mix of the 2 means interest rates were slightly higher this week.