| Today's Economy
Low Interest Rates Enhance Credit Quality Mortgage refinancing applications were up 98% from the prior year. Economic Roundup: U.S. Existing-Home Sales Pop in December Housing will add to fourth-quarter 2019 GDP growth and into early this year. Odds of U.S. GDP Growth Under 1% This Year Remain Low We are adding more tools to our kit for tracking recession. LatAm Daily Briefing: Beyond Phase One Slower trend growth in China paints a gloomy picture for the region over the next few years. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Employment Outlook: More Jobs for Women The ascendancy of females in the labor force in recent years stems more from the composition of growth drivers. U.S. Chartbook: Retail's Strong December Industrial production fell as unseasonably warm weather reduced heating needs. U.S. Consumer Outlook: Balance Sheets Support Spending Less There will be less wealth-effect spending, and borrowing is a little more limited. U.S. Weekly Highlights and Preview, January 20, 2020 Existing-home sales likely rose somewhat in December. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
MBA Mortgage Applications Survey
January 17: -1.2%
Mortgage applications fell 1.2% over the week of January 17, with both the refinance and purchase indexes moving down. Canada
Consumer Price Index
Dec. 2019: 2.2%
Inflation held steady as 2019 came to a close. Canada
New Housing Price Index
Dec. 2019: 0.1%
After November's 0.1% dip, the Canadian New Housing Price Index has resumed its upward trajectory to rise by 0.2% month to month. Canada
Wholesale Trade
Nov. 2019: -1.2%
Wholesale sales declined 1.2% to C$63.2 billion in November, the third decline in five months. United States
Chicago Fed National Activity Index
Dec. 2019: -0.35
The pace of U.S. economic activity slowed in December. United States
FHFA Purchase-Only House Price Index
Nov. 2019: 4.9%
The Federal Housing Finance Agency Purchase-Only House Price Index increased 4.9% on a year-ago basis in November. United States
Existing-Home Sales
Dec. 2019: 5.54 mil
Existing-home sales closed 2019 on a strong note, increasing 3.6% in December 2019 and by 10.8% since December 2018. Canada
Monetary Policy
Jan. 2020: 1.75%
The Bank of Canada did not make any adjustment to interest rates at its first meeting of 2020, but it did revise down its economic outlook for the year and, in turn, issued more dovish forward guidance. Japan
Foreign Trade
Dec. 2019:
Australia
Employment Situation
Dec. 2019:
Philippines
GDP
2019Q4:
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