Two Of Our Favorite Pieces Of Economic Data Are Coming Out Today
• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for claims to decrease to 360 thousand from 368 thousand last week. The 4-week average could fall to the lowest level since early 2008.
• At 3:00 PM, Consumer Credit for December from the Federal Reserve. The consensus is for credit to increase $14.5 billion in December.
Initial weekly unemployment claims we love because it tends to be a great barometer of the
Consumer Credit gets to the heart of the economic slump and the recovery: Where households are in the deleveraging cycle. Consumer Credit isn't as real time, but the bigger implications are deeper.
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