FYI: While it was a slow week for economic data last week, the releases we did get were negative for the most part. As shown below, 9 of 15 indicators released were weaker than expected (or down in the case of indicators without estimates) while just 3 were stronger.
This week will be slightly busier with 24 releases. While there will be nothing released today, small business optimism kicks off the week tomorrow alongside the JOLTS report. CPI will come out on Wednesday along with the Monthly Budget Statement for December. Thursday will see the release of December Retail Sales and PPI data. Empire Manufacturing and Industrial Production will cap off the week on Friday.