Today's Economy Capital Market View: Limited Fallout in Russian Debt Crunch A repeat of the 1998 ruble crisis is not in order. LatAm Daily Briefing: Sailing In Troubled Waters, As Usual Economic stability hinges on the policies—and fortunes—of presidents from across the political spectrum. Online Sales Drive Retail Sales Volatility and Revisions Supply-chain issues played a large role. Bank of England Will Power Ahead With Rate Hike The Bank of England will want to keep its options open. » VIEW MORE TODAY'S ECONOMY
Commentary Energy Shock: The Good, the Bad and the Ugly We've constructed three scenarios about future oil prices due to Russia's invasion of Ukraine. Initial Takeaways From State Benchmark Revisions The general upward trend is no surprise, but the degree of some states’ recoveries is noteworthy. U.S. Chartbook: It's Go Time for the Fed The Fed will respond to accelerating inflation, which is poised to get worse before it gets better. Russia-Ukraine Conflict Poses Challenge for UAE Economy High oil prices translate into a positive short-term outlook. » VIEW MORE COMMENTARY
Today's Economic Indicators
Italy Consumer Price Index Feb. 2022: 5.7% y/y Italy’s headline inflation rate climbed to 5.7% y/y in February, the highest value since November 1995, as energy prices continued to account for around two-thirds of the yearly increase. United States MBA Mortgage Applications Survey March 11: -1.2% Mortgage application volume declined slightly in the week ended March 11. United States Retail Sales Feb. 2022: 0.3%, m/m Retail sales added slightly to their January surge in February, although all of the gain came from gasoline stations as fading infections and rising prices lifted sales. United States Import and Export Prices Feb. 2022: 1.4% m/m Import prices rose 1.4% from January to February, less than our call for a 1.7% increase but in line with consensus expectations. Canada Consumer Price Index Feb. 2022: 5.7% y/y Canadian consumers are feeling the strain from every direction as energy, food and housing costs push higher. Canada Wholesale Trade Jan. 2022: 4.2% m/m Wholesale has been on a strong, sustained upswing. United States Business Inventories (MTIS) Jan. 2022: 1.1% m/m Business inventories increased by 1.1% from December to January. United States NAHB Housing Market Index Mar. 2022: 79 Homebuilder confidence edged down 3 points to 79 in March. United States Oil Inventories March 11: 415.9 mil barrels Oil inventories rose much more than market analysts were predicting last week. Singapore Foreign Trade Feb. 2022: United States FOMC Monetary Policy Mar. 2022: 0.25% to 0.5% The Federal Open Market Committee has begun what will be an extremely difficult and unusual tightening cycle by raising the target fed funds range by 25 basis points to 0.25% to 0.5%. Brazil Monetary Policy Mar. 2022: New Zealand GDP 2021Q4: Japan Machinery Orders Jan. 2022: Australia Employment Situation Feb. 2022: » VIEW MORE ECONOMIC INDICATORS |