Today's Economy Economic Roundup: FOMC Statement Sooths Markets, Powell's Doesn’t Hawkish Powell leaves door open for more aggressive Fed this year. LatAm Daily Briefing: More Rate Hikes Coming in Uruguay The central bank has signaled at least two more increases. Capital Market View: Inflation and Equity Values We find signs that equity performance has been boosted by sector-specific price increases. Final Thoughts Ahead of Q4 U.S. GDP We look for 6.4% growth at an annualized rate, thanks to inventories. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. State and Local Outlook: Spending Ahead New hiring is the one area governments will have a tough time spending money on. Global Vaccine Tracker: Pandemic Persistence Many businesses are struggling to deliver goods and services and are curtailing activity. Five Risk Predictions for 2022 Risk managers can expect many obstacles over the next year, but what key trends, opportunities and challenges are likely to keep them up at night? Wealth Has Soared Since Mid-2020, If Unevenly Higher-income U.S. households have generally added more assets and debt. » VIEW MORE COMMENTARY
Today's Economic Indicators
Singapore Industrial Production Dec. 2021: 15.6% y/y Singapore’s industrial output grew 15.6% y/y in December, extending the revised 14.1% increase in November. Denmark Retail Sales Dec. 2021: -4.5% m/m The retail sales index declined in December from November, closing out the year 4.5% lower than the previous month. France Job Seekers Dec. 2021: 3.08 mil The number of job seekers in France decreased to 3.08 million in December from 3.09 million in November. United States MBA Mortgage Applications Survey January 21: -7.1% Mortgage application volume fell sharply this week. Mexico Retail & Wholesale Sales Nov. 2021: 5.4% y/y Mexico’s retail stores reported another annual advance in November as sales increased by seasonal demand. United States Advance Wholesale and Retail Inventories Dec. 2021: 2.1% m/m Wholesale and retail inventories expanded rapidly in the last month of 2021. United States International Trade in Goods - Advanced Dec. 2021: -$101.0 bil The U.S. advanced nominal goods deficit widened in December and is now the widest on record. United States Business Employment Dynamics 2021Q2: 8.1 mil A comprehensive count of employment data for last year's second quarter indicates that 8.141 million private-sector jobs were added, in line with the first-quarter gain. Canada Monetary Policy Jan. 2022: 0.25% Despite growing speculation, the Bank of Canada left its policy rate unchanged. United States New-Home Sales Dec. 2021: 811,000 SAAR U.S. new-home sales came in stronger than expected in December, and revisions to November were small. United States Moody's Analytics Inflation Expectations Pulse January 23: 2.64% Inflation expectations eased marginally over the last few weeks, according to the Moody’s Analytics Inflation Expectations Pulse. United States Oil Inventories January 21: 416.2 mil barrels An unexpected increase in crude stocks will weigh down oil prices. United States FOMC Monetary Policy Jan. 2022: 0% to 0.25% The Federal Open Market Committee used its January meeting to tee up the potential for the first increase in the target fed funds rate as early as March. New Zealand Consumer Price Index 2021Q4: Chile Monetary Policy Jan. 2022: 5.50% In January, Chile’s central bank prescribed another aggressive response to the climbing inflation. Philippines GDP 2021Q4: » VIEW MORE ECONOMIC INDICATORS |