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 SpecialistExpert: Shawn Bingham, Director of Risk Management