Market Watch Jan 17, 2023

CPI came in right at expectation last week at -0.1% for December, bringing the total for inflation for the year of 2022 at 6.5%. Markets rallied and responded positively with hopes that the worst of inflation could be in the rearview mirror. 2022 Q4 earnings have started, and will continue into early February. The U.S. government will hit its debt ceiling this week on Thursday 1/19. It is expected that it will be raised, but with a divided congress it might take a few trials before passing.

Events to watch

  • Producer Price Index 1/18

  • Retail Sales 1/18

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