| Today's Economy
Economic Roundup: Another Rate Cut From the Fed The FOMC cut again at its December meeting, lowering the federal funds rate range to 4.25% to 4.5%. Euro Zone Construction Recovery: Still Working on It October saw a mild improvement despite low industry sentiment. Europe Daily Briefing: CPI Inches Up Across the Continent Prices rose in the euro zone and in the U.K.; construction output rebounded into positive territory. Asia-Pacific Daily Briefing: A Surprisingly Large Trade Surplus for Malaysia Prices have jumped for palm oil and related products. » VIEW MORE TODAY'S ECONOMY
Commentary
Global Outlook: Growth Diminished Trump's policies will bring higher inflation and diminished growth. U.K. Housing Market Report 2024Q4 As recovery takes root, some easing in affordability pressures provides a positive outlook for next year. U.S. Consumer Inflation Worries Uncertainty is a concern for consumers in addition to the level of prices. U.S. Chartbook: All About Prices Last week brought a flurry of inflation data. » VIEW MORE COMMENTARY
Today's Economic Indicators
Thailand
Monetary Policy
Dec. 2024: 2.25%
As expected, the Bank of Thailand’s Monetary Policy Committee voted to leave the policy rate at 2.25% at its December meeting. United Kingdom
Consumer Price Index
Nov. 2024: 2.6% y/y
Consumer price inflation rose to 2.6% in November from 2.3% in October. Indonesia
Monetary Policy
Dec. 2024: 6.00%
Bank Indonesia held its policy rate at 6% in its December meeting, matching our expectations. Austria
Consumer Price Index
Nov. 2024: 1.9% y/y
Austria's inflation rate inched up to 1.9% y/y in November, marking a slight increase from the 1.8% y/y recorded in the preceding two months. Euro Zone
Consumer Price Index
Nov. 2024: 2.2% y/y
According to finalized numbers, the euro zone’s HICP inflation rate increased to 2.2% y/y in November from 2% in October. United States
MBA Mortgage Applications Survey
December 13: -0.7%
Rising mortgage rates dampened overall loan demand despite resilient purchase activity. United States
New Residential Construction (C20)
Nov. 2024: 1.289 mil, SAAR
U.S. homebuilding decreased in November. United States
Current Account
2024Q3: -$310.9 bil
The U.S. current account deficit widened in the third quarter to $310.9 billion (4.2% of GDP), a $35.9 billion (13%) increase over the revised second-quarter deficit of $275 billion (3.7% of GDP). United States
State and Local Government Tax Revenue
2024Q3: 4.7% y/y
United States
Oil Inventories
December 13: 421.0 mil barrels
Oil inventories fell by 900,000 barrels in the week ended December 13, a smaller decline than the 1.5 million barrels the consensus forecast. United States
FOMC Monetary Policy
Dec. 2024: 4.25% to 4.50%
At its final meeting in 2024, the Federal Open Market Committee lowered the federal funds rate by 0.25 percentage point. Argentina
Employment Situation
2024Q3: 6.9% Unemployment
Argentina’s labor market remained sluggish in the third quarter amid a still-difficult economic environment. New Zealand
GDP
2024Q3:
Japan
Monetary Policy
Dec. 2024:
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