No derailment of the inflation station train in January

• Jobs grow by 517,000
  • Double the normal expectations
• Consumer prices up 6.4% ahead of expectations
• Retail sales jump 3%
  • More than double the estimate
• Producer prices revised higher for December and beating expectations in January at 6.0%
• Overnight Fed funds rate at year-end jumps from 4.40 to 5.08% on talk FOMC might return to 50bp hikes
• 2023 Spring Market Seminar registration is now open!
  • April 26, 2023 in Oak Brook, IL
  • Attend in person or virtually
  • Visit mckeany-flavell.com to register!

Host: Eric Thornton, Commodity Specialist
Expert: Shawn Bingham, Director of Risk Management