| Today's Economy
Final Thoughts Ahead of U.S. Employment Weather, seasonals, annual revisions, minimum wage—all could be in play. Short-Term Russia Outlook Improves There is likely to be a rebound beginning in the current quarter. Global Growth Starts 2017 Well Despite Seasonality Global growth is tracking at 2.4% at an annual rate. Japan Starts Q1 on Solid Footing The economy is tracking at 3.3% in annualized terms. » VIEW MORE TODAY'S ECONOMY
Commentary
Asia-Pacific Economic Preview: 6-10 February Demonetisation is expected to hurt Indian manufacturers and prompt monetary easing. Global Outlook: Stronger Growth with Heightened Volatility Policy uncertainty in the U.S. and political uncertainty in Europe pose downside risks. Immigration Restrictions Could Hurt the Economy Companies already complain about the inability to find qualified workers as the U.S. approaches full employment. A Checklist for Achieving Full Employment in the U.S. We shouldn't attempt to determine it based on a single statistic. » VIEW MORE COMMENTARY
Today's Economic Indicators
Japan
Consumer Confidence
Jan. 2017: 43.2
Consumer confidence in Japan improved at the start of 2017 thanks to the yen's depreciation. United States
Semiconductor Billings
Dec. 2016: 0.0%
Global semiconductor sales broke records in 2016. Euro Zone
Producer Price Index
Dec. 2016: 1.6%
Euro zone producer prices surprised markets heavily on the upside and rose by a strong 1.6% y/y in December following a 0.1% increase a month earlier. Russian Federation
Reserve Fund
Feb. 2017: RUB0.97 tril
The traditionally uneventful January in Russia left the reserve fund untouched. Germany
Vehicle Registration
Jan. 2017: 9%
New-vehicle registrations in Germany rose 9% y/y in January, following a 7.9% increase in the previous month. United States
Challenger Report
Jan. 2017: 45,934
The labor market is starting the year off strong. United Kingdom
Monetary Policy and Minutes
Feb. 2017: 0.25%
The Bank of England kept its policy stance unchanged in February, with the flagship refinancing rate remaining at the record low of 0.25% and its target for asset purchases at £435 billion. United States
Jobless Claims
January 28: 246,000
Initial claims improved in the week ended January 28. United States
Productivity and Costs
2016Q4: 1.3%
Productivity growth showed signs of improvement in the second half of the year, but there is still significant room for improvement. United States
ISM - NY Report
Jan. 2017: 57.7
Firms in New York City remain sanguine about the current business climate, according to the January New York City ISM survey. United States
St. Louis Fed Financial Stress Index
January 27: -1.21
The St. United States
Natural Gas Storage Report
January 27: -87 bil cubic feet
The fall in natural gas in storage roughly matched analyst expectations, which will have little effect on prices. » VIEW MORE ECONOMIC INDICATORS | 
