US economic data likely to disappoint - BBH

FXStreet (Delhi) – Research Team at BBH, suggests that the risk is that unseasonably warm weather and the oil slump weighed on US industrial output, even though the jobs data showed an unexpected increase in manufacturing employment.

Key Quotes

“Retail sales may disappoint, with lower gasoline prices and a sequential decline in auto sales weighing on the headline. The GDP components may fare better, even after the 0.6% rise in November. Given that new Fed action is not on the table at the FOMC meeting at the end of the month, the Beige Book is unlikely to move the market.”