Commentary

U.S. New Single Family Home Sales came in at 764,000 units in January, much better than expected. U.S. Real GDP was +2.1% for the fourth quarter of 2019.

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U.S. Retail Sales were down 0.5% for February, below the forecast of +0.1%. Industrial Production was up 0.6%, as expected for the month.

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U.S. Consumer Prices were up 0.1% for February, with Core Prices up 0.2%. The Producer Price Index was 0.6% lower for the month.

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