| Today's Economy
Economic Roundup: Final Thoughts Ahead of Q1 U.S. GDP We look for GDP to have risen 7.1% at an annualized rate. First Take on the American Families Plan The Biden proposal would provide further economic support with $1 trillion in spending and $900 billion in tax credits. LatAm Daily Briefing: Venture Capital Grows The tech industry set a record on transactions in 2020. Capital Market View: Fundamentals Support Low Volatility, Tight Spreads High-yield corporate bond spreads will remain tight, but a return of volatility would change that. » VIEW MORE TODAY'S ECONOMY
Commentary
U.K. Mortgage Market Expectations: A Midsummer Night's Dream or Nightmare? We assess the impact of the COVID-19 pandemic on a representative mortgage portfolio. U.S. Consumers Could Spend Excess Saving Fast The money is available. Global Vaccine Tracker Update: One Billion Shots It is unclear if resumed use of the Johnson & Johnson product will boost U.S. inoculations. U.S. COVID-19 Tracker Update: Plenty of Surprises Our tracking estimate of first-quarter GDP has edged higher recently and is at 7.3% at an annualized rate. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia
Foreign Trade
Mar. 2021: MYR24.2 bil
Malaysia's trade performance for March once again exceeded all expectations, with exports skyrocketing by 31% year on year to MYR104.95 billion. Norway
Retail Sales
Mar. 2021: 0.4% m/m
Norway’s seasonally adjusted retail sales, excluding motor vehicles and auto fuels, recovered by 0.4% m/m in March after a 0.4% decline in February. Sweden
Retail Sales
Mar. 2021: 2.6%
Seasonally adjusted, retail sales excluding fuel sales increased by 2.6% m/m in March, adding to the upwardly revised 1.7% increase in February. Ireland
Retail Sales
Mar. 2021: 2.6% m/m
Irish retail sales excluding motor trades increased by 2.6% m/m in March, and the February reading was upwardly revised to 7.1% m/m growth from 2.7%. United States
MBA Mortgage Applications Survey
April 23: -2.5%
Mortgage applications declined 2.5% in the week of April 23 after posting 8.5% growth the week before. Canada
Retail Trade
Feb. 2021: 4.8%
Retail sales snapped their losing streak in February. United States
Advance Wholesale and Retail Inventories
Mar. 2021: 1.4% m/m
Wholesale trade inventories increased 1.4% in March. United States
International Trade in Goods - Advanced
Mar. 2021: -$90.6 bil
U.S. net exports will likely be a drag on first-quarter GDP growth. United States
Business Employment Dynamics
2020Q3: 10.8 mil
Third quarter 2020 Business Employment Dynamics data reflect the surge in employment following the second quarter shutdowns. United States
Oil Inventories
April 23: 493.1 mil barrels
Oil inventories surprised analysts expecting a modest decline, but the small build will do little to push down prices. United States
FOMC Monetary Policy
Apr. 2021: 0% to 0.25%
Some more optimism crept into the Federal Open Market Committee's post-meeting statement, but it doesn’t imply that a rate hike is coming any time soon. » VIEW MORE ECONOMIC INDICATORS | 
