U.S. consumer prices slide 0.1% in December, dropping for the first time in nine months as gasoline prices decline. Excluding volatile food and energy items, prices rise 2.2% over the past 12 months, a moderate pace that could ease pressure on the Federal Reserve to maintain its three-year-long campaign to boost interest rates.
If the Fed pauses in March, that decision came after the December meeting.
U.S. small-business owners reported a big drop in December in their plans for spending on things like new equipment, locations and technology, reflecting an increasingly sober economic outlook following last year's stock-market decline.
U.S. bank stocks, hammered last year amid a slowing economy, feeble trading profits and stiff competition for deposits, could fall another 20% if a recession happens, Goldman Sachs analysts estimated.
A government report shows that the economy added 312,000 jobs in December, well above economists' average projection of 180,000.
A government report this week is expected to show that the economy added about 180,000 jobs last month, an increase from the 155,000 jobs added in November but below the average 206,000 jobs per month added during all of 2018.
This is some amazing moment...I say let it rain.