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LOW-FLATION

The 12 most important economic charts of the week

By Melvin Backman

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