Weekly Economic Update: January 19th, 2021
• Bond yields decreased slightly over the week as the two-year Treasury note slipped by two basis points to 0.12% while the five-year note fell by three basis points to 0.45%.
• Inflation remains tame with Core CPI registering at a thin 0.1% for December.
• Retail sales missed economist expectations, falling 0.7% in December.
• As expected, the economy is off to a rocky start to 2021, however, it is poised to rebound strongly during the year when enough of the population is inoculated and consumers can resume engaging in a full range of economic activities.