Mixed Data Unlikely to Change Fed’s Outlook · Although some indicators, such as retail sales and industrial production, came in lower than expected, there is little reason to expect the Fed to alter its current course of monetary policy.
· Inflationary pressures picked up in April, with both the PPI and CPI accelerating in the month, while lower jobless claims indicate the labor market continues to improve.
· Homebuilding has picked up, with solid gains for starts and permits, though the housing recovery still remains on shaky ground.
Weekly Economic and Financial Commentary May 16 2014
Tags: economy