| Today's Economy
Capital Market View: U.S. CPI Raises Odds of March Fed Hike Republicans and some Democrats have expressed concerns that BBB legislation will add to inflation. LatAm Daily Briefing: Brazil’s Cure for Inflation Policymakers execute a winning strategy to tame inflation. Europe Daily Briefing: Euro Zone Industry Rebounds in November Industrial output jumped in November after October’s contraction. Asia-Pacific Daily Briefing: China's Inflation Loses Momentum Headline inflation is expected to trend lower over the next few months. » VIEW MORE TODAY'S ECONOMY
Commentary
Japan Risk Matrix Update: Stumbling Toward Recovery A high vaccination rate and Omicron's seemingly lower severity should help limit disruptions, but there is still uncertainty. Global Vaccine Tracker: Omicron and Semiconductor Chips Companies are learning to mitigate supply-chain disruptions by building inventory and exploring alternative sourcing. U.S. Weekly Highlights and Preview, January 10, 2022 The consumer price index for December, due out this week, will show that year-over-year growth exceeded 7% and hasn’t peaked yet. U.S. Chartbook: Labor Market and Monetary Policy Tighten On average, 537,000 jobs were added per month in 2021. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
California Manufacturing Survey
2022Q1: 63.8
The California Purchasing Managers' Composite Index has taken another step back, indicating expectations for slower manufacturing activity gains in the months ahead. China
Monetary Aggregates
Dec. 2021: 9.0% y/y
Euro Zone
Industrial Production
Nov. 2021: 2.3% m/m
The euro zone’s industrial production rebounded 2.3% m/m in November, following a significantly downwardly revised 1.3% decline in October. Portugal
Consumer Price Index
Dec. 2021: 2.7%
Portugal’s consumer price index increased by 2.7% y/y in December, following its 2.6% increase in November. India
Consumer Price Index
Dec. 2021: 5.6% y/y
India’s CPI soared to 5.6% y/y in December from 4.9% in November and 4.5% in October. United States
MBA Mortgage Applications Survey
January 07: 1.4%
In the first week of 2022, mortgage applications increased 1.4%. India
Industrial Production
Nov. 2021: 1.4% y/y
India's industrial production index softened substantially, going from 3.2% y/y in October to 1.4% in November. United States
Consumer Price Index
Dec. 2021: 0.5% m/m
The December U.S. consumer price index keeps the pressure on the Federal Reserve to remove some of its policy accommodation soon, but the good news is that inflation has likely peaked. United States
Moody's Analytics Inflation Expectations Pulse
January 09: 2.66%
Inflation expectations kept even in the week ended January 9, according to the Moody’s Analytics Inflation Expectations Pulse. United States
Oil Inventories
January 07: 413.3 mil barrels
A larger-than-expected decline in oil inventories will put some upward pressure on prices. Russian Federation
Consumer Price Index
Dec. 2021: 8.4% y/y
Russia's annual inflation showed signs of moderation at the end of the year, staying at 8.4% y/y, the same as in November. China
Foreign Trade
Dec. 2021:
United States
Beige Book
Jan. 2022:
The U.S. economy advanced at a modest tempo, according to Beige Book anecdotes collected from the Federal Reserve districts. United States
Treasury Budget
Dec. 2021: -$21.3 bil
Federal fiscal conditions are showing initial signs of improving from fiscal 2021, when the economy was weaker and fiscal policy was in overdrive. » VIEW MORE ECONOMIC INDICATORS | 