Economy.com: Daily Update
| Today's Economy
Europe Daily Briefing: Shipping Costs and Stresses Global supply conditions remain squeezed. Asia-Pacific Daily Briefing: China's Foreign Trade Ends Year on High Exports surge ahead of proposed U.S. tariff hikes. Economic Roundup: Labor Market Ends 2024 With a Bang Job gains surprised to the upside in December and the unemployment rate inched lower. Canada Weekly: 2025's Key Assumptions We revisit 2024's forecast and outline six key elements of the 2025 outlook. » VIEW MORE TODAY'S ECONOMY
Commentary
The Fed Is Cutting, so Why Are Interest Rates Up? The selloff in bond markets, which lowers their price and pushes yields up, is counterintuitive. U.S. Chartbook: A Defiant December The last employment report of 2024 highlighted the resiliency of the labor market, even as we enter an uncertain new year. Auto Prices: Upward Momentum Continues Through Year’s End Price deflation in the U.S. used-vehicle market from the end of 2022 through June 2023 has reversed in earnest. Greece Outlook: A Long, Long Road The country saw a strong third quarter, but external trade continues to weigh on growth. » VIEW MORE COMMENTARY
Today's Economic Indicators
Portugal
Consumer Price Index
Dec. 2024: 3%
In December, headline inflation increased again, as anticipated. India
Consumer Price Index
Dec. 2024: 5.22% y/y
In December, India’s inflation rate stood at 5.2% year over year, down from 5.5% in November. World
Moody's Analytics Survey of Business Confidence
January 10: 26.4
Global businesses are feeling upbeat at the start of 2025. Uruguay
Industrial Production
Nov. 2024: 5.7% y/y
Industrial production in Uruguay posted another solid figure in November, climbing to 5.7% following a 7.5% y/y surge in October. Canada
RPS House Price Index
Dec. 2024: 4.9% y/y
House prices were unchanged in December across the 13 largest Canadian markets, causing year-ago price growth to rise to 4.9% from 4.2% in November. United States
Treasury Budget
Dec. 2024:
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