Sunday, January 18, 2015

Economy grows; CPI tumbles; the week ahead …

In its monthly Beige Book, the Federal Reserve reported that economic growth from mid-November through late December was modest to moderate.

The Consumer Price Index (CPI) in December dropped 0.4%, seasonally adjusted, over the previous month, the Labor Department reported.

Retail sales declined 0.9% from November. A 6.5% drop in gasoline station sales contributed to the drag.

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