All eyes continue to be on Europe this week after the Swiss National Bank shook things up. An ocean away, the US economic recovery continues.
The Swiss National Bank cut its key interest rate for the second time in a month…
…and unpegged the franc from the euro
Oil prices are still falling, though not as quickly
The International Energy Agency cut its outlook for oil production amid falling demand
Inflation is still slowing in the US as energy prices plummet
…as it is in the UK
Meanwhile, Europe is dealing with deflation
The Chinese trade surplus is growing
US retail sales cooled off in December despite all the cheap gas
There were almost as many US job openings in November as at any point this century
US consumers are feeling pretty good
And so are US businesses
