- US Productivity Revised Actual 2.2% (Forecast 2.2%, Previous 2.2%)
- US Productivity Revised Actual 2.2% (Forecast 2.2%, Previous 2.2%)
- US Labor Costs Revised Actual 0.8% (Forecast 1.25%, Previous 1.9%)
U.S. productivity came in line with expectations and remains strong, potentially influencing monetary policy over time, though it’s not an immediate market driver. A lower labor costs signals a disinflationary trend, reducing immediate wage-related price pressures.
New front in the trade war: Greenlandโ๏ธWill Gold rise furtherโ
Canada's December CPI surprised to the upside โ๐๏ธ
MIDDAY WRAP: European indices under pressure from the Greenland dispute, Japan announces snap elections ๐๏ธ
Economic calendar: Davos and quarterly earnings on Wall Street ๐