| Today's Economy
Economic Roundup: Uneventful End to the Week Advance data on international goods trade and wholesale inventories close a quiet week. Europe Daily Briefing: No News Is Good News? It’s a light week for releases, though not a particularly merry one. Asia-Pacific Daily Briefing: Japanese Industrial Production Falls in November Multiple challenges confront Japan's economy. Economic Roundup: End-of-Year Resolution Congress passed a last-minute continuing resolution over the weekend. » VIEW MORE TODAY'S ECONOMY
Commentary
Housing’s Terrible, Horrible, No Good, Very Bad Year High mortgage rates and low affordability led to record-low home sales. A recovery will take time. Global Energy Outlook: Slow Demand Growth Oil prices will remain subdued, with the trend continuing into next year. U.S. Employment Outlook: Risks Rising The unemployment rate forecast is little changed; it will edge slightly lower but remain at or near 4% for the next few years. U.S. Chartbook: Changing Expectations The FOMC cut again in December, but fewer cuts appear to be on the horizon in 2025. » VIEW MORE COMMENTARY
Today's Economic Indicators
Thailand
Industrial Production
Nov. 2024: -3.6% y/y
Thai industrial production fell 3.6% year on year in November, underperforming our expectation for 0.5% growth. Spain
Retail Sales
Nov. 2024: -0.6% m/m
In seasonally adjusted and calendar-adjusted terms, Spain’s retail sales fell 0.6% in November compared with the previous month, following no change in October. United States
Advance Wholesale and Retail Inventories
Nov. 2024: -0.2% m/m
According to the advance estimate, wholesale inventories fell 0.2% in November following an increase in the prior month. United States
International Trade in Goods - Advanced
Nov. 2024: -$102.9 bil
The U.S. trade deficit in goods widened to $102.9 billion in November, $4.6 billion more than the $98.3 billion deficit in October. Brazil
Employment Situation
Nov. 2024: 6.1%
Brazil’s unemployment rate continued to adjust down in November as the economy kept expanding above its potential. United States
Oil Inventories
December 20: 416.8 mil barrels
Oil inventories fell by 4.2 million barrels in the week ended December 20, far surpassing their 900,000-barrel decline in the prior week. United States
Natural Gas Storage Report
December 20: -93 bil cubic feet
Natural gas in underground storage fell by 93 billion cubic feet last week after falling by 125 bcf in the week before. » VIEW MORE ECONOMIC INDICATORS | 
