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The 26 economic charts you shouldn’t have missed in January

By Melvin Backman
Published Last updated This article is more than 2 years old.

Oil and central bank action dominated economic headlines in January, but lots of other chart-able stuff happened this month. (We’ve got your back, Greece.)

Let’s start with oil, though—because it’s hard to overstate the impact of what’s happening there.

The oil bust continues

Oil prices are still falling

US crude oil inventories hit a record high

The International Energy Agency cut its 2015 forecast for global oil production.

Moving on to low-flation…

US inflation is falling

UK inflation is falling

The euro zone fell deeper into deflation

In the zone

The European Central Bank finally unveiled its stimulus program, pushing the euro lower

Bond yields fell after the news, though they’ve been doing that for a while

The continent could use it, considering how unemployment has remained pretty high

But it’s nothing compared with Greece

Where government bond yields rose this week after the anti-austerity Syriza party formed a new government

Meanwhile, central banking was looking pretty de-centralized…

Switzerland cuts its benchmark interest rate twice in a month’s time

It also de-pegged the franc from the euro

The Central Bank of Brazil, meanwhile, hiked rates

The Nigerian naira fell after the Central Bank of Nigeria left rates alone

Made in China

China’s trade surplus grew

China GDP growth slowed

Chinese inflation is stable on the consumer side, but deflation deepened on the producer side

As for the Anglosphere…

The US economy grew a bit more slowly than expected last quarter

And US wages aren’t getting much of a boost

But US jobless claims are way down

So is US unemployment

So it makes sense that US consumers are feeling pretty good

As are US businesses

The British unemployment situation is similarly improving

As are British wages

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