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COMMODITY METALS-Copper trades flat ahead of U.S. data

North American lumber prices could be muted through Q1, amid unsteady housing sentiment, ongoing concerns about recession and interest rates; another rate hike expected by US Federal Reserve on Feb. 1 will likely push lumber prices lower: Forest2Market

BlackRock strategist sees further pain ahead for US stocks, expects Fed to hold interest rates above 5% for whole of 2023; Fed's got a new playbook that's focused on taming inflation, and may not consider slashing rates until wages start to cool down

Paul Krugman: Fed's pessimism feels 'a bit desperate,' as price pressures are cooling rapidly; December report on consumer prices showed another big drop in inflation, and Fed may be overly negative when it signals it'll keep rates high for all of 2023

US industrial production declined 0.7% in December from November, with manufacturing down 1.3%; capacity utilization moved down 0.6 percentage point in December to 78.8%: Federal Reserve

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