The Monday Mix: Feb. 7 – 13, 2022
Top-of-mind economic headlines as we start the week:
— The US Consumer Price Index was up 7.5% annualized in Jan. 2022, the highest reading since Feb. 1982, with fuel, food, and housing all registering price gains and largely offsetting wage increases.
— The US trade deficit increased 27% in 2021 to a record $859 billion, with both imports (+21%) and exports (+19%) significantly higher on global demand for goods and higher prices.
— A key gauge of US consumer sentiment fell 8% in Feb. to the lowest level since 2011, with virtually all the decline coming from Americans earning at least $100,000 a year.
— Issuance of bonds to finance projects that prioritize environmental or social sustainability rose 64% globally in 2021 to a record $1 trillion, with a 35% increase expected in 2022.
— The busiest trade crossing between Canada and the US has reopened after nearly a week shutdown, as Canadian truckers protesting Covid-related restrictions blockaded the Ambassador Bridge in Ontario.
Disclaimer: Clicking on any of the above links will take you away from the Laird Norton Wealth Management web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.