Consumer spending consistently weak
Second monthly decline in a row
U.S. retail sales for December delivered a decent headline, but weak details spooked traders. Overall, sales were up 1.2% in December, but the growth was entirely driven by auto sales. Sales outside of the auto sector were flat in December following a downwardly revised gain of 0.3% in November. “While the December increase in overall […]
Low mortgage rates, growing employment fuel demand
1 in 3 homeowners planning to renovate CHMC survey finds
Lowest reading in five months
Energy prices blamed for sharp increase in CPI
U.S. labour market remains weak
Gap likely to widen again as energy price rebound