The Monday Mix: Jan. 9 – 15, 2023

Top-of-mind economic headlines as we start the week:

US Treasury Secretary Yellen said the US will hit its federal debt limit on Jan. 19 and that Congress will need to take action to increase the limit.

Germany’s economy grew 1.9% in 2022 despite the effects of the war in Ukraine, higher energy prices.

The US Consumer Price Index rose 6.5% in Dec (year-over-year), the 6th straight month of lower readings, but still significantly above the Fed’s 2% target.

US consumer sentiment remained low in Jan. but higher than where it was; consumer expectations are for 4% inflation in 2023.

Fed Chair Powell said the US central bank will not get involved in issues like climate change because this is not part of its  Congressional mandate.

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