U.S. Economic News
February 10, 2021
U.S. Economic Indicators
Consumer prices rose 0.3% in January (up 1.4% from a year ago). The “core” CPI, which excludes food and energy, was unchanged in January but up 1.4% from last year. BLS Report
U.S. News
The Wall Street Journal reports that despite a corporate borrowing binge throughout 2020, large U.S. banks saw loan volume decline for the first time in over a decade. However, bank executives are hopeful that loan growth will pick back up in 2021, though the timing will depend on the pace of vaccine deployment and additional federal stimulus. WSJ