US: Jobless claims and PPI in focus – TDS

Analysts at TDS suggest that December PPI is the most notable release in a slow day for data from the US and markets expect PPI to post a 0.2% m/m increase, which would see producer price inflation drift lower to 3.0% y/y from 3.1%.

Key Quotes

“Initial jobless claims for the week of January 6 will be published simultaneously and markets look for a modest decline to 245k from 2550k the prior week. NY Fed President Dudley is also scheduled to deliver an economic outlook at a 15:30 ET event in New York.”