— The U.S. Consumer Price Index rose 0.3% in Jan. (3.1% annualized rate), while producer prices also rose 0.3%, indicating inflation has slowed but staying above 2% Fed target.
— U.S. retail sales fell 0.8% in January 2024, much more than expected and breaking a two-month streak of gains.
— S&P 500 earnings were up 3.2% in 4th quarter 2023 (79% of companies reporting) and 2.3% for the entire year, with wide disparity among sectors.
— Now officially in a recession, Japan slipped to become the world’s 4th largest economy, with Germany replacing it as #3.
— Debt issued to fund green and sustainable projects in 2024 is expected to grow modestly to $1 trillion, mainly driven by Europe with North America declining.
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