Today's Economy Wages Suggest U.S. Isn't at Full Employment There is a limit to how strong wage growth will likely be this cycle. ECB Extends Its Asset Purchases The central bank removed the deposit rate floor and can now buy bonds with one-year maturity. What Trump Will Mean for Consumption and Retail Credit Economic impacts of administration policies will start to surface by the second half of 2017. Falling Yuan Chips Away at China’s Foreign Reserves Official reserves are being used to temper the deprecation of China’s currency. » VIEW MORE TODAY'S ECONOMY
Commentary Latin America Economic Preview: 12-16 December Mexico tightens monetary policy, but it is unchanged in Chile, Colombia and Peru. Asia-Pacific Economic Preview: 11-16 December The worst is over for China's economy. Global Outlook: Anemic Growth, Rising Uncertainty After a bleak year, the world economy is expected to improve in 2017. U.S. Chartbook: Fed Gets Green Light Labor market passes key hurdle for interest rate action. » VIEW MORE COMMENTARY
Today's Economic Indicators
France Nonfarm Payrolls 2016Q3: 16.1 mil Employment in France is on an upward trend, driven by temporary jobs. OECD Composite Leading Indicators Oct. 2016: 99.8 The OECD composite leading indicator remained at 99.8 in October, roughly in line with values recorded for the past 12 months but 0.4 percentage point lower than 2015's average. Euro Zone Monetary Policy Dec. 2016: 0% The European Central Bank kept all three policy rates unchanged in December, while extending asset purchases until the end of 2017, as we expected. Canada New Housing Price Index Oct. 2016: 3.0% Canada's New Housing Price Index rose 0.4% in October, marking the 19th consecutive month of price growth at the national level. Canada Industrial Capacity Utilization 2016Q3: 81.9% Industrial production revved back up in the third quarter. Canada Building Permits Oct. 2016: 8.7% The value of Canadian building permits rose 8.7% to C$7.6 billion in October and increased 2.4% from October 2015. United States Jobless Claims December 03: 258,000 The job market is tight. Mexico Consumer Price Index Nov. 2016: 3.31% Annual inflation keeps escalating, as the currency pass-through affects consumer prices. United States St. Louis Fed Financial Stress Index December 02: -1.100 The St. United States Quarterly Services Survey 2016Q3: In the third quarter, information services revenue rose 4.9% from the previous year, professional services gained 4.9%, and administrative services grew 7%. United States Natural Gas Storage Report December 02: -42 bil cubic feet The drawdown in natural gas inventories was only slightly smaller than analysts expected, which will likely have little effect on prices. Philippines Industrial Production Oct. 2016: United States Financial Accounts - Households 2016Q3: $90.20 tril Household wealth grew more rapidly in the third quarter than in the prior two quarters and should be providing modest support to consumer spending. United States Financial Accounts - Nonfinancial Corporate 2016Q3: $23.32 tril Nonfinancial corporate business balance sheets improved again in the third quarter, as net worth increased. Australia Housing Finance Oct. 2016: China Consumer Price Index Nov. 2016: China Producer Price Index Nov. 2016: Malaysia Industrial Production Oct. 2016: » VIEW MORE ECONOMIC INDICATORS |