−10%0+10%−3.7%−1×+3.7%+1×Jobless claims for the week to Jan 3, 2026: 208,000 (+9k)Jobs report for December 2025: -26k, unemployment 4.4%CPI release for December 2025: +0.3% on the month, core +0.2%Retail sales for November 2025: +0.4% on the monthTrump announces tariffs on eight European countries over GreenlandPCE prices for November 2025: +0.2% on the month, core +0.2%