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The Monday Mix: Jan. 11 – 18, 2020

Headlines discussed at LNWM’s Monday morning briefing:

US retail sales fell 0.7% in December, after a 1.4% drop in November, amid mediocre consumer sentiment.

965,000 new claims for unemployment were filed in latest week, the most since August, with some 19 million people  collecting benefits.

President-elect Joe Biden announced a $1.9 trillion economic rescue package that includes healthcare spending and $15 federal minimum wage.

US inflation remains low — 1.4% annual rate — despite big recent increase in gasoline prices, but could accelerate when economy full recovers from Covid-19.

China’s economy grew 2.3% in 2020, accelerating to 6.5% by year-end, boosted by infrastructure spending and direct payments. 

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