Inflation: Economists expect US government data to show that the consumer price index in December rose 3.2 per cent on an annual basis, up from 3.1 per cent in November. Forecasts anticipate a slowdown in core CPI growth, which strips out volatile food and energy costs. Core inflation is expected to have risen by 3.8 per cent on a yearly basis, down from 4 per cent in November.
Trump: Closing arguments will begin in former US president Donald Trump’s civil fraud trial in New York. State attorney-general Letitia James has asked that the judge order Trump and his businesses to pay $370mn for inflating the value of his real estate empire, bar him from the state’s real estate industry, and ban him from serving as a director of a New York business.
Jobless claims: New applications for US state unemployment aid, a proxy for lay-offs, are forecast to have ticked up to 210,000 last week, from 202,000 in the prior seven-day period.
Fedspeak: Richmond Federal Reserve president Thomas Barkin will talk about this year’s economic outlook before the Virginia Bankers Association. Elsewhere, Cleveland Fed president Loretta Mester is scheduled to make a television appearance.