Top Economic Events Impacting Portfolios This Week

Consumer Price Index (CPI) shows uptick in December

Last week, the markets seemingly took in stride the uptick in the Consumer Price Index (CPI) in December, as the data below the surface was better than reflected by the headline number. In addition, the Core PPI (Producer Price Index ex. Food and Energy), which serves as a leading indicator for consumer prices in the short-term, declined last month, injecting a dose of optimism regarding the CPI’s trend.