| Today's Economy
Economic Roundup: Fed Makes Expected Rate Hike As expected, the Fed raised the fed funds rate by 50 basis points at December’s FOMC meeting. LatAm Daily Briefing: Dominican Republic’s Dilemma The central bank must manage inflation without negatively affecting the economy. Europe Daily Briefing: Has Inflation Peaked in the U.K.? Looking deeper into the details, the picture isn’t so bright. Asia-Pacific Daily Briefing: Japan’s Tankan Surprises on the Upside The domestic recovery has further to go, but external disruptions cloud the outlook. » VIEW MORE TODAY'S ECONOMY
Commentary
A Cold Front Hits U.S. Inflation The December CPI will likely be on the soft side again. Emerging Market View: Surprise Me Not There is little room for deviations from script. Consumers Will Spend More in 2023 Growth will be modest, but it will not fall under the weight of losses in wealth, slowing job growth, and low confidence because of healthy real income growth. Getting Inflation Back in Its Bottle The U.S. economy is in serious jeopardy, but our baseline outlook still says prices can be tamed and recession isn't inevitable. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain
Consumer Price Index
Nov. 2022: 6.8% y/y
In November, Spain's consumer price index declined to 6.8% in yearly terms, after a 7.3% gain in October. Sweden
Consumer Price Index
Nov. 2022: 11.5% y/y
Swedish CPI increased by 1% month over month in November, pushing the year-over-year rate to 11.5% from 10.9% in October. United Kingdom
Consumer Price Index
Nov. 2022: 10.7% y/y
In November, CPI inflation was 10.7%, down from 11.1% in October. Euro Zone
Industrial Production
Oct. 2022: -2.0% m/m
Euro zone’s industrial production plunged by 2% m/m in October after a 0.8% rise in September (revised down from 0.9%). Austria
Employment and the Labour Market
Nov. 2022: 6.1%
The Austrian labour market showed little weakness in November, posting a slight uptick in unemployment to 6.1% after a 6% reading in October. Finland
Consumer Price Index
Nov. 2022: 9.1% y/y
Finland’s annual inflation rate climbed higher in November, accelerating to 9.1% year over year from 8.3% in October. Portugal
Consumer Price Index
Nov. 2022: 0
United States
NFIB Small Business Survey
Nov. 2022: 91.9
The NFIB Small Business Optimism Index rose 0.6 percentage point in November as inflation pressures eased. United States
MBA Mortgage Applications Survey
December 09: 3.2%
Mortgage activity rose 3.2% in the week ended December 2, the largest weekly gain since early October. United States
Import and Export Prices
Nov. 2022: -0.6% m/m
U.S. import prices fell 0.6% in November after declining 0.4% in the prior month. Canada
Survey of Manufacturing
Oct. 2022: 2.8% m/m
Manufacturing rebounded strongly in October. United States
Oil Inventories
December 09: 424.1 mil barrels
An unexpected build in crude oil inventories will put downward pressure on prices. United States
FOMC Monetary Policy
Dec. 2022: 4.25% to 4.5%
After starting 2022 at zero, the Federal Reserve’s most aggressive tightening cycle since the early 1980s has lifted the target range for the fed funds rate to end the year at 4.25% to 4.5%. New Zealand
GDP
2022Q3:
Japan
Foreign Trade
Nov. 2022:
Australia
Employment Situation
Nov. 2022:
China
Fixed-Asset Investment
Nov. 2022:
China
Industrial Production
Nov. 2022:
China
Retail Sales
Nov. 2022:
Indonesia
Foreign Trade
Nov. 2022:
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