Source: US Dept. of Treasury End of Day
• Rates increased last week with the 2-year Treasury note yield increasing by five basis points to 3.59% while the 5-year note increased by six basis points to 3.82%.
• Retail sales advanced by a robust 0.6% in November, marking the strongest increase since June.
• CPI held steady in December with the headline index advancing by a yearly 2.7% while the core index advanced by 2.6%.
• Wage growth has slowed more for non-management workers compared to the rest of the workforce; however, gains continue outpacing inflation providing workers with purchasing power to sustain spending.
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