Today's Economy Economic Roundup: There's More to Come From the Fed The central bank wavers on running a high-pressure economy and expects more rate hikes in 2017. Q4 U.S. GDP Continues to Head South Growth is now tracking 1.5% at an annual rate. U.S. Consumer Suffers Mild Spending Hangover November retail sales were weaker than we expected, but that isn't troubling. December U.S. Retail Is Just OK Early discounts may have sapped strength from the middle of the month. » VIEW MORE TODAY'S ECONOMY
Commentary Spain Outlook: Growth Will Be Less Than Stellar Internal and external political struggles are weighing on spending. U.S. Chartbook: No Curveballs Ahead of Fed Decision Day Incoming data were mixed but unlikely to make the Fed rethink a December move. Latin America Outlook 2017: Mild Recovery The region needs to restore production capacity. U.S. Weekly Highlights and Preview, December 9, 2016 'Tis the season for a Fed rate hike. » VIEW MORE COMMENTARY
Today's Economic Indicators
India Wholesale Price Index Nov. 2016: 3.2% Wholesale price inflation decelerated in November on the back of low food prices. France Consumer Price Index Nov. 2016: 0.7% Inflation in France is still low but firmly in positive territory. Italy Consumer Price Index Nov. 2016: 0.1% Italy’s annual EU-harmonized inflation rose 0.1% in November, reversing the 0.1% drop in the previous month. United Kingdom Unemployment Nov. 2016: 4.8% The U.K. headline unemployment rate for the three months to October remained at 4.8%, its lowest since mid-2005, in line with the Moody’s Analytics projections. Euro Zone Industrial Production Oct. 2016: -0.1% Euro zone industrial production contracted by 0.1% on a monthly basis in October. United States MBA Mortgage Applications Survey December 09: -4.0% Mortgage applications were down again last week. United States Producer Price Index Nov. 2016: 0.4% U.S. producer prices suggest that some domestic inflationary pressures are developing, sealing a deal for the Federal Reserve to raise interest rates at the conclusion of its two-day meeting this afternoon. United States Retail Sales Nov. 2016: 0.1% Retail sales growth moderated and modestly disappointed in November, but coming on the heels of the strong gain in September and October, it suggests consumers are still spending at a healthy pace. Canada New Motor Vehicle Sales Oct. 2016: -5.5% The number of new vehicles sold in October fell by 11.2% from September to 157,341, extending the downward trend since April. The decrease was driven primarily by a drop in new-truck sales. United States Industrial Production Nov. 2016: -0.4% Industrial production fell 0.4% in November, a poorer showing than both the consensus and our forecast. United States Business Inventories (MTIS) Oct. 2016: -0.2% The inventory build took a step back in October, but sales growth remains strong. United States Oil Inventories December 09: 483.2 mil barrels Crude oil inventories fell by more than analysts were expecting, which will put upward pressure on prices. China Foreign Direct Investment Nov. 2016: China Monetary Aggregates Nov. 2016: India Foreign Trade Nov. 2016: United States FOMC Monetary Policy Dec. 2016: 0.50 - 0.75 % As widely expected the Federal Reserve raised the target range for the fed funds rate by 25 basis points to 0.5% to 0.75%, but it penciled in more tightening over the next few years. United States Tech Pulse Nov. 2016: Australia Employment Situation Nov. 2016: South Korea Monetary Policy Dec. 2016: » VIEW MORE ECONOMIC INDICATORS |