Karim writes:
Data on the weak side:
CPI
- Headline CPI driven by energy, up .275%
- Core CPI driven by car (new model year) seasonals, up 0.182%; ex-vehicles, core close to unch
- Trend sectors generally weak: OER unch, apparel -0.4%, recreation -0.4%, medical 0.2%
Housing
- Housing starts down 10.6%, with single-family down 6.8%, lowest level since May
- Permits down 4%
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