Crowded week for both sides of Fed mandate

A partial government shutdown concluded, leading to a condensed release schedule for key economic data this week, including December’s retail sales, January’s employment situation, and January’s CPI report. RBC Economics anticipates 63,000 new jobs in January and a slight decline in unemployment, while also forecasting an acceleration in core inflation to +0.4% m/m in January due to seasonal factors and early tariff pass-through. The article also discusses expectations for retail sales, jobless claims, and housing sales.