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Economic Research: U.S. Weekly Financial Notes: Use It Or Lose It Feb 13
Standard & Poors, February 2013
The State of The Union address on Tuesday night gave President Obama a chance to present his priorities for the fiscal year, using the momentum he gained from winning the November election. The president said that he is "open to additional reforms from both parties." Policymakers on both sides must take him up on that offer, and he must lead. Economic releases this week include: U.S. retail sales edged up 0.1% after gaining 0.5% in December. U.S. industrial production edged down by 0.1% in January following a revised 0.4% (was 0.3%) increase in December and a sharply revised 1.4% (was 1.0%) jump in November. The NY Empire State Manufacturing Index jumped to a positive 10.0 in February from a negative...
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