In the rear view mirror, 4th quarter GDP was revised down slightly, mainly due to less inventory accumulation than initially reported. Monthly January reports included CPI, down big, two consumer confidence measures, one up and one down, but both down slightly from their highs last month (presumably due to increasing gas prices). Durable goods orders rose. New home sales were essentially unchanged from their post-recession high in December, while Case Shiller showed that house prices continued to rise.
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