Barclays Raises U.S. GDP 1st-Qtr Forecast, Sees Mild Recession From Q2 – RTRS https://t.co/bygxa0363o

— LiveSquawk (@LiveSquawk) January 12, 2023

US Inflation Set To Have Fallen To Slowest Pace In More Than A Year – FT https://t.co/rkPAEOAPzJ

— LiveSquawk (@LiveSquawk) January 12, 2023

1/6

Quick 🧵on tomorrow's CPI

The graphic below says the consensus outlook for Dec 2022 month-over-month CPI is -0.1% … deflation!

Deflation is expected and already priced in. pic.twitter.com/sFxeTAvED3

— Jim Bianco biancoresearch.eth (@biancoresearch) January 11, 2023

apparently it’s an internal forecast tool… pic.twitter.com/BlOux705AJ

— FxMacro (@fxmacro) January 11, 2023

Some good news ahead of tomorrow's US inflation print: businesses' inflation expectations have fallen to the lowest level since Summer 2021.

Data from the Atlanta Fed shows that companies, on average, now expect their unit costs to grow by less than 3% over the next year. pic.twitter.com/t2eVQAxupD

— Joey Politano 🏳️‍🌈 (@JosephPolitano) January 11, 2023

🇺🇸 #Housing #Inflation | With Demand Declining, #Rents Fell Again in December, Says Yardi Matrix
*Rents fell 0.2% MoM in December and 0.6% in the fourth quarter.
*YoY growth declined by 80pbs to 6.2% last month, the lowest level since May 2021.https://t.co/oleL8UAQzl pic.twitter.com/WzGmSCM1R3

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

Lawler: Freddie Mac “National” Home Price Index Down Again in November; Rents Continued to Slidehttps://t.co/RLVzb07wIC

Lawler: “Best guess” is that the national apartment rent index will decline by about 4% in 2023.

— Bill McBride (@calculatedrisk) January 11, 2023

US House Starts (& GDP) thru 2022 held up DESPITE slumps in:
a) Affordability⬇ /Mort⬆
b) Foot Traffic⬇

Why?
A. Backlogs⬆ in 21
KB Homes result => NEW Orders ⬇⬇
Q/Q to Nov-22 saw -80% fall in Net Orders
Lower Backlogs will soon reveal very weak “underlying demand” pic.twitter.com/vWzLhVgNod

— Douglas Orr, CFA (@EquitOrr) January 12, 2023

🇺🇸 #Inflation, ‘uncertain economy’ are making home buyers more cautious, KB Home says – MarketWatch
*Gross orders for the quarter hit 2,169 units, ⬇ 47% on-year.
*Cancellation rates as a percentage of gross orders ⬆ 68%, compared to 13% a year ago.https://t.co/WjsfmSgzci

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

MBA: Mortgage Applications Increase in Latest Weekly Survey https://t.co/ZV946w4iDS pic.twitter.com/CIw0te1z8o

— Bill McBride (@calculatedrisk) January 11, 2023

https://twitter.com/biancoresearch/status/1613215357166043137

🇺🇸 #Fed President Backs Slowdown as Support Mounts for Smaller Rate Move – NYThttps://t.co/fE6cMbTCcC

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

The U.S. is expanding its security commitment to Japan into space, promising to deter attacks on the country’s satellites https://t.co/C4OZDDLxGV

— WSJ China Real Time (@ChinaRealTime) January 12, 2023

#FAA Expects Departures to Resume at Other Airports at 9 AM ET. https://t.co/PfFqabCa9g

— CN Wire (@Sino_Market) January 11, 2023

CAAM sees the Chinese automobile market will witness around 3% growth in 2023 with the help of stimulative policies and relief of chip shortages.#China #automobile #vehicle https://t.co/ZfEz7kXOnq

— CN Wire (@Sino_Market) January 12, 2023

JUST IN:
China December
Annual CPI +1.8% [Est. +1.8% Prev. +1.6%]
Monthly CPI 0% [Est. -0.1% Prev. -0.2%]
Annual PPI -0.7% [Est. -0.1% Prev. -1.3%]#CPI #China #Inflation #PPI #EconTwitter 🇨🇳
1/ thread pic.twitter.com/6aPBGvrz6S

— CN Wire (@Sino_Market) January 12, 2023

China’s factory-gate prices fell more than expected in December, while consumer inflation ticked up after the sudden end to Covid Zero https://t.co/snkYlmeS81

— Bloomberg Markets (@markets) January 12, 2023

🇨🇳 #China’s household lending, including consumption loans and mortgages, is set to recover especially in the second half and support stable economic growth, Shanghai Securities News reports Thursday, citing analysts.
*Link (Chinese): https://t.co/PBUvH02smz

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

China Growth Seen Rebounding To 4.9% In 2023, More Stimulus On The Cards – RTRS Poll https://t.co/VnXWbJOaFo

— LiveSquawk (@LiveSquawk) January 12, 2023

🇨🇳 Chinese bank deposits exceed loans by $6.5tn as caution prevails – Nikkeihttps://t.co/sdRyQXmjGF

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

🇯🇵 #Japan | BOJ to review easing side-effects next week – Yomiuri
*Link (Japanese): https://t.co/pmRDlGVEPI

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

China Moves To Repair Ties With Australia By Lifting Coal Ban – WSJ https://t.co/a04TRmP4Ky

— LiveSquawk (@LiveSquawk) January 12, 2023

China visa freeze disrupts Japanese business planshttps://t.co/G4r1F6HBEa

— Nikkei Asia (@NikkeiAsia) January 11, 2023

🇪🇺 #ECB RELEASES MONTHLY SURVEY OF CONSUMER INFLATION EXPECTATIONS – BBG
*ECB SAYS CONSUMER INFLATION EXPECTATIONS DECLINED
*ECB: CONSUMERS SEE INFLATION AT 5% OVER NEXT 12 MONTHS
*ECB: CONSUMERS SEE INFLATION AT 2.9% IN 3 YEARS

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

Pessimism Among UK Consumers Perks Up As Inflation Peaks – RTRS https://t.co/FwrKLsyVnD

— LiveSquawk (@LiveSquawk) January 12, 2023

UK Construction Sector Stagnates As Interest Rates Bite – RTRS https://t.co/nXteqFs1NZ

— LiveSquawk (@LiveSquawk) January 12, 2023

ECB Doves Eye Smaller Hikes As Inflation Falls https://t.co/KNNFHVqPlW

— Pedro da Costa (@pdacosta) January 11, 2023

The ECB will deliver big increases in borrowing costs at its upcoming meetings, Governing Council member Pablo Hernandez De Cos said https://t.co/f5qBfyRRVg

— Bloomberg Markets (@markets) January 11, 2023

📰 ECB needs significant rate hikes at coming meetings, Rehn says

Powered by https://t.co/PtyRcaV0eThttps://t.co/sAUW5jUUFu

— PiQ-News (@PiQNews) January 11, 2023

ECB Long-Term Loan Repayments From Banks Seen Slowing This Month – BBG https://t.co/cpINsgExiD

— LiveSquawk (@LiveSquawk) January 12, 2023

🇬🇧 *TRADERS BET BANK OF ENGLAND INTEREST RATES WILL PEAK BELOW 4.5% – BBG

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

🇩🇪 🇪🇺 🇺🇸 Germany’s Scholz Backs Joint EU Funding to Counter US Aid – Bloomberghttps://t.co/QcnphiHHtP

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

UK Energy Bills Forecast To Fall Further As Gas Prices Tumble – Telegraph https://t.co/c7VGqtbjSa

— LiveSquawk (@LiveSquawk) January 12, 2023

Reviving ties with the European Union has moved up on Switzerland's political to-do list https://t.co/4s8HSQnjOZ

— Bloomberg Economics (@economics) January 11, 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

JPMORGAN: “Global inflation is tracking an average 0.25% m/m gain over the last three months, less than half of its mid-2022 peaks.”#CPI pic.twitter.com/c8RLqX7rke

— Carl Quintanilla (@carlquintanilla) January 11, 2023

Global Foreign Reserves Dwindle As Countries Counter Dollar's Rise – Nikkei https://t.co/QuhNOK7jx3

— LiveSquawk (@LiveSquawk) January 11, 2023