There were four main economic reports out this week: CPI (CPIAUCSL) +0.5% m/m [expected +0.4%], prior -0.1% m/m. Inflationary. Retail Sales (RSAFS) +3.0% m/m [expected +1.7%], prior -1.1% m/m. Expansionary. Industrial Production (INDPRO) +0.0% m/m [expected +0.5%], prior -1.0% m/m. Mildly recessionary. Producer Prices (PPIACO) -1.96% m/m, prior -0.7% m/m. Deflationary. It was a mixed bag. …
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