CPI, Housing starts, Redbook retail sales, E commerce retail sales, Industrial production, NY Fed and Atlanta Fed forecasts

Still below the Fed’s target and ‘core’ moving down a bit year over year:

Consumer Price Index
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Housing starts better than expected, permits up a bit and last month’s revised down a bit.

And, of course, no house legally gets built without a prior permit and the chart isn’t looking promising:

Housing Starts
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Still down and out:
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And E commerce retail sales growth is working its way lower as well:
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Note the % change this year vs last year chart, which takes out all the ‘seasonal’ factors, remains negative:

Industrial Production
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The two Feds are somewhat divergent. And I still don’t see the credit expansion required to offset savings desires:
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