The Labor Department reports wholesale inflation rose in December, with the producer price index up 0.3%. That matched expectations. The index is up 1.6% from a year ago for the strongest gain since September 2014 as energy prices start to head up.Excluding food, energy, and trade margins, prices were up 1.7%.
Growth has finally started to pick up globally, but there are still key risks on the horizon in 2017 that could wreck optimism in the world economy, warns Goldman Sachs’s chief economist Jan Hatzius. Speaking at conference in London on Monday, he said “there has been an impressive acceleration of growth since the summer,” taking Goldman’s global growth forecast to an above-consensus 3.6% for this year. He pointed to three risks that could derail the upbeat outlook for the months ahead. Those are the Trump administration could take a hard turn towards protectionism, European politics, and a hard landing in China.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
