Weekly Economic and Financial Commentary: A Pretty Good Start to the Year

Mild weather helped housing starts surge 16.9% in December to a 1.61 million-unit pace, the highest in 13 years.

Manufacturing surveys the New York Fed and Philadelphia Fed both rose more than expected in December.

December retail sales were soft, with a 0.5% gain in core retail sales offset by downward revisions to the prior two months.
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