Commentary

U.S. Consumer Price Inflation was up 0.3% for January. Otherwise a slower week for economic data.

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The U.S. Purchasing Managers' Index came in at 59.2 for January, approximately the same as December. The ISM Manufacturers' Index was 58.7 for January, down a bit from the 60.7 reading in December.

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The U.S. National Association of Homebuilders (NAHB) Index was a strong 83 in January, down from 86 in December. Otherwise a asl ow week for economic releases.

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