Thursday, December 12, 2013

Friday: PPI

by Calculated Risk on 12/12/2013 08:33:00 PM

As expected, the House passed the budget deal. From the WSJ: House Easily Passes Budget Agreement in 332-94 Vote

The bill passed by a wide bipartisan margin, 332-94. The bill drew a strong bipartisan majority: 169 Republicans and 163 Democrats voted for the measure. Voting in opposition were 62 Republicans and 32 Democrats.
...
There is no guarantee that this bipartisan budget deal signals the end of brinkmanship or that this episode of bipartisanship will reach into other areas.
This isn't the end of "brinkmanship" or dumb political stunts, but those usually happen in odds years, as opposed to election years - so voters will forget.

Friday:
• 8:30 AM ET, the Producer Price Index for November. The consensus is for a 0.1% decrease in producer prices (and 0.1% increase in core PPI).