2/14: MetroIntelligence Economic Update by P. DUFFY

Inflation falls as January CPI flat, up 1.6 percent year-on-year
The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in January on a seasonally adjusted basis. Over the last 12 months, the all items index increased 1.6 percent before seasonal adjustment.
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December job openings reached series high of 7.3 million vs. 6.3 million officially unemployed
Job openings reached a series high of 7.3 million by the end of December  2018, rising 2.4 percent from November. This compares to 6.3 million officially unemployed in the same month, or an excess of over one million jobs waiting to be filled.
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Mortgage applications fall 3.7 percent, rates drop to 11-month low
The Market Composite Index decreased 3.7 percent on a seasonally adjusted basis from one week earlier, with purchase loans down 6.0 percent and refinances falling 0.1 percent. The 30-year fixed-rate mortgage dropped to its lowest level since last March, or 4.65 percent.
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