Initial jobless claims, a proxy for layoffs, fell by 1,000 to a seasonally adjusted 205,000 last week, the Labor Department said. Claims had trended higher since touching near record lows early in 2022, but continue to hover near prepandemic levels https://t.co/8aAlV4MoqN

— Real Time Economics (@WSJecon) January 12, 2023

Weekly Initial Unemployment Claims decrease to 205,000 https://t.co/Wf9lI7DMR7 pic.twitter.com/ltDR4gZA5E

— Bill McBride (@calculatedrisk) January 12, 2023

🇺🇸 Even if the core component was supported by shelter (+0.8%) and we know it will normalize in the coming months, CPI services (ex-shelter), a key measure for Fed members, rebounded by 0.4%.https://t.co/RCMDyPwLkf pic.twitter.com/JSG2WhgrLh

— Christophe Barraud🛢🐳 (@C_Barraud) January 12, 2023

https://twitter.com/MikaelSarwe/status/1613540353893715969

Let's imagine you want to look at super-core inflation in the CPI:

Exclude food, energy, and used cars (all of which are volatile) and then take out shelter (which lags current market conditions)

That figure grew less than 2% annualized over the last three months pic.twitter.com/QLJw6G5OFC

— Joey Politano 🏳️‍🌈 (@JosephPolitano) January 12, 2023

Cleveland Fed: Median CPI increased 0.4% and Trimmed-mean CPI increased 0.4% in November https://t.co/OgVsng53pt pic.twitter.com/ewgYVncBbY

— Bill McBride (@calculatedrisk) January 12, 2023

🇺🇸 #Inflation | Total freight costs fall year over year in December for first time in 28 months – FreightWaveshttps://t.co/S5oowoBw33 pic.twitter.com/KxtGWTukfU

— Christophe Barraud🛢🐳 (@C_Barraud) January 13, 2023

Current State of the Housing Market; Overview for mid-January https://t.co/1yPDXw8Jta

New Listings, Sales, House Prices, Rents and more! pic.twitter.com/RfID3bVgSp

— Bill McBride (@calculatedrisk) January 12, 2023

#NEW Goldman Sachs says the following housing markets will see home prices fall by more than 10% in 2023: Austin, San Francisco, San Diego, Phoenix, Denver, Seattle, Tampa, Las Vegas, Portland, and Dallas.

GS expects home prices to RISE in Miami. pic.twitter.com/8Pd05znjRG

— Lance Lambert (@NewsLambert) January 12, 2023

The December CPI is likely to keep the Fed on track to reduce the size of interest-rate increases to a quarter-percentage-point at its meeting that concludes on February 1 https://t.co/g8ptS2lBh4

— Nick Timiraos (@NickTimiraos) January 12, 2023

🇺🇸 #Fed on Track for Rate-Hike Downshift After Cool Inflation Data – Bloomberghttps://t.co/jBqgCn183g pic.twitter.com/ySZDcDACB3

— Christophe Barraud🛢🐳 (@C_Barraud) January 13, 2023

Easing Inflation Paves Way For Fed To Opt For Quarter-Point Rate Rise – FT https://t.co/9CnHuAdiBu

— LiveSquawk (@LiveSquawk) January 13, 2023

🇺🇸 #Fed’s Bullard Favors Getting Rates Above 5% ‘as Soon as Possible’ – Bloomberghttps://t.co/XfPuPYbhP1

— Christophe Barraud🛢🐳 (@C_Barraud) January 12, 2023

https://twitter.com/biancoresearch/status/1613608740611297283

The US Budget Deficit is widening again, hitting a 9-month high of $1.419 trillion in December (YoY change). pic.twitter.com/L0mAxmxJvT

— Charlie Bilello (@charliebilello) January 13, 2023

The Interest Expense on US Public Debt rose to $775 billion over the past year, a record high. If it continues to increase at the current pace it will soon be the largest line item in the Federal budget, surpassing Social Security. pic.twitter.com/rBG6pQELi9

— Charlie Bilello (@charliebilello) January 13, 2023

Biden will discuss cooperation on limiting China’s access to microchip technology in back-to-back visits to Washington by leaders of Japan and the Netherlands https://t.co/IA2Wi9nn6y

— Bloomberg Economics (@economics) January 12, 2023

The Biden administration is leaning toward making its executive order on U.S. investments in China more focused and targeted than some of the earlier suggestions, Axios has learned.#US #China https://t.co/mp1nXpLviq

— CN Wire (@Sino_Market) January 12, 2023

⚡China December trade balance(in yuan term) 550.11 bln yuan, Prev. 494.33 bln;#Imports +2.2 y/y; Prev.-1.1%;#Exports +0.5% y/y; Prev.+0.9%.
1/ thread #trade #import #export #economy 🇨🇳 🇺🇸

— CN Wire (@Sino_Market) January 13, 2023

🇨🇳 #China’s Exports Slump Further as Global Demand Drops Off – Bloomberghttps://t.co/ahWNPVGCa5 pic.twitter.com/SjcI4AAmIU

— Christophe Barraud🛢🐳 (@C_Barraud) January 13, 2023

#IMPORTANT
Chinese Academy of Sciences expects #China's 2023 full-year GDP growth could reach 6.0% with an inverted U-shape recovery.
Q1 +4.2%
Q2 +9.3%
Q3 +5.5%
Q4 +5.4%
Base case: global pandemic under control, global economy recovering at a modest pace, China growing stable.

— CN Wire (@Sino_Market) January 12, 2023

#China drafts an action plan to improve high-quality #property developer's balance sheet.
The regulators will focus on 21 tasks to guide them back to the safety zones. China will add another 150 bln yuan in special loans for securing project deliveries.
1/ thread

— CN Wire (@Sino_Market) January 13, 2023

🇨🇳 #China has drafted an action plan to improve balance sheet of “high-quality” developers by implementing targeted measures, the official Xinhua News Agency reports, citing unidentified people. pic.twitter.com/3qvK4Lv4Rm

— Christophe Barraud🛢🐳 (@C_Barraud) January 13, 2023

⚡PBOC is studying additional structural loans for the #property sector, an official says in the news briefing this afternoon.
More to come.#China #realestate https://t.co/UIw1V9W8IU

— CN Wire (@Sino_Market) January 13, 2023

Chinese Developer Kaisa Hit With Lawsuit Over Bond Defaults – FT https://t.co/tXgl1GmSNc

— LiveSquawk (@LiveSquawk) January 13, 2023

🇨🇳 #China looks set to inject medium-term cash to its financial system as upcoming traveling and gift-giving ahead of the Lunar New Year holidays are expected to drain some $148 billion from it – Bloomberg pic.twitter.com/gONsVmmb5K

— Christophe Barraud🛢🐳 (@C_Barraud) January 13, 2023

PBoC Vice Governor: Monetary Policy Will Be Appropriate, No ‘Flood-Like’ Stimulus
-Will Take More Measures To Boost Market Confidence

— LiveSquawk (@LiveSquawk) January 13, 2023

Bank Of Korea Hikes Key Rate As Tightening Cycle Winds Down – BBG https://t.co/djOTsjJFKE

— LiveSquawk (@LiveSquawk) January 13, 2023

Central Bank Rates Peaking Soon In Southeast Asia, Survey Shows – BBGhttps://t.co/rkTse3GGNc

— LiveSquawk (@LiveSquawk) January 13, 2023

BOJ is on pace to do $300BN in QE this month https://t.co/VldlKLcbkw

— zerohedge (@zerohedge) January 13, 2023

JGB 10-Year Yield Tops Bank Of Japan's 0.5% Ceiling – Nikkei https://t.co/itrOujZaKJ

— LiveSquawk (@LiveSquawk) January 13, 2023

BoJ Watchers See Earlier Policy Shift After December’s Surprise – BBG https://t.co/vuQQf4V5Ug

— LiveSquawk (@LiveSquawk) January 13, 2023

BoJ Ex-Official: BoJ May Tweak Yield Control This Year If Wage Hikes Broaden – RTRS https://t.co/2SsX3ZkGMN

— LiveSquawk (@LiveSquawk) January 13, 2023

https://twitter.com/C_Barraud/status/1613776164341907456

Japan calls on UN Security Council to ‘unite’ around rule of law in veiled swipe at China, Russia https://t.co/NFp2xiBLdx

— South China Morning Post (@SCMPNews) January 13, 2023

GDP grew 0.1% in November with

▪️ services up 0.2%
▪️ manufacturing down 0.5%
▪️ construction flat (0.0%)

➡️ https://t.co/TbV9f82F6z pic.twitter.com/fqg8kNF4c6

— Office for National Statistics (ONS) (@ONS) January 13, 2023

🇩🇪 GERMAN ECONOMY GREW 1.9% IN 2022; EST. 1.8% – BBG

— Christophe Barraud🛢🐳 (@C_Barraud) January 13, 2023

🇪🇺 My proxies and regional surveys suggest that #Eurozone industrial production (Nov.) should surprise upward.

*Bloomberg consensus:
– MoM: +0.5%e v -2.0% prior
– YoY: +0.6%e v +3.4% prior

— Christophe Barraud🛢🐳 (@C_Barraud) January 13, 2023

🇩🇪 German House Prices Drop for First Time in More Than a Decade – Bloomberghttps://t.co/Km3a83tr9j pic.twitter.com/x8yM5cwLwv

— Christophe Barraud🛢🐳 (@C_Barraud) January 13, 2023

Sweden erases much of the pandemic gain in housing market rout https://t.co/XRkzr9mqTU via @nicrolander pic.twitter.com/Lzc2CHkHD0

— Zoe Schneeweiss (@ZSchneeweiss) January 13, 2023

UK Mortgage Costs Rise To Highest Proportion Of Income Since Financial Crisis – FT https://t.co/AXF0WaE0uc

— LiveSquawk (@LiveSquawk) January 13, 2023

🇪🇺 #ECB Insider: Stronger-than-Expected Eurozone Economy Favours Council Hawks – Econostreamhttps://t.co/Ej3i0vQoag

— Christophe Barraud🛢🐳 (@C_Barraud) January 12, 2023

ECB's Stournaras says rates to rise until certainty inflation moving to 2% https://t.co/BqpDVuSfwH pic.twitter.com/FsJNExYThG

— Reuters Business (@ReutersBiz) January 12, 2023

🇪🇺 #ECB'S KAZAKS SEES NO REASON FOR RATE CUTS THIS YEAR: REUTERS
*KAZAKS: ECB RATES SHOULD RISE `WELL INTO RESTRICTIVE TERRITORY'
*ECB'S KAZAKS: CORE INFLATION KEY GAUGE FOR PRICE PRESSURES

— Christophe Barraud🛢🐳 (@C_Barraud) January 13, 2023

ECB’s Vujcic: Monetary Tightening Cycle Isn’t Over Yet – Journal De Negocios https://t.co/Gghwx3UfGx

— LiveSquawk (@LiveSquawk) January 13, 2023

Bank of England policymaker Catherine Mann says underlying inflationary forces in the UK look “pretty robust,” a signal she’s still pushing for big interest-rate increases despite the prospect of recession https://t.co/L8FXzqmTMa via @LucyGJWhite @tomelleryrees pic.twitter.com/2Uq4T09O1y

— Zoe Schneeweiss (@ZSchneeweiss) January 13, 2023

🇩🇪 Olaf Scholz still says ‘nein’ after his party hints at new EU debt – Politicohttps://t.co/6zVXRh3uLW

— Christophe Barraud🛢🐳 (@C_Barraud) January 12, 2023

EU Gears Up for Tough Talks on Products Cap #oott #Russia https://t.co/51h9yIUBQa

— Giovanni Staunovo🛢 (@staunovo) January 13, 2023

Where will Europe get its diesel from in 23 days’ time? https://t.co/STpierMrXS via @JWittels pic.twitter.com/4TQuoP8idI

— Zoe Schneeweiss (@ZSchneeweiss) January 13, 2023

EU and UK are ready to aim for a final Brexit deal: Brussels Edition https://t.co/ksXrwqDvi8 via @LyubovEUWorld pic.twitter.com/v3IFvau5zT

— Zoe Schneeweiss (@ZSchneeweiss) January 13, 2023

⚠ #WeekAhead: Week 2 (2023) ⚠

🇺🇸 U.S. CPI
🌎 Central Bankers Speak At Riksbank Event
🇯🇵 🇺🇸 Kishida-Biden Meeting
🇺🇸 🇹🇼 U.S. Sends Economic Delegation to Taipei
…https://t.co/Xli1c8zO1T

— Christophe Barraud🛢🐳 (@C_Barraud) January 9, 2023

🌎 Gartner Says Worldwide PC Shipments Declined 28.5% in Fourth Quarter of 2022 and 16.2% for the Year – Gartnerhttps://t.co/yK7MqNy0Bh pic.twitter.com/quPE6DRidQ

— Christophe Barraud🛢🐳 (@C_Barraud) January 13, 2023

IMF Managing Director Georgieva Says Not Expecting To Downgrade October Forecast For 2.7% Global Growth In 2023

— LiveSquawk (@LiveSquawk) January 12, 2023

World economy walks a tightrope between recession and soft landing https://t.co/24CeeRA95t via @RichMiller28 @endacurran pic.twitter.com/6vkP4OXhqS

— Zoe Schneeweiss (@ZSchneeweiss) January 13, 2023