| Today's Economy
LatAm Daily Briefing: Uruguay's Persistent Inflation The central bank will need to navigate both domestic and external challenges, which could necessitate another increase in interest rates in the near future. Economic Roundup: Wait and See The FOMC announced a well-anticipated pause at January’s meeting. Final Thoughts Ahead of U.S. Q4 GDP The Moody’s Analytics high-frequency model’s final estimate puts growth at a sturdy 2.6% annualized. Europe Daily Briefing: Spanish Excellence The country's GDP growth beat expectations for the fourth quarter. » VIEW MORE TODAY'S ECONOMY
Commentary
Europe Housing Update: Just Around the Corner The market is getting back on its feet, but dampening effects of monetary tightening will be felt for a while yet. U.S. Credit Outlook: Managing Stress Consumer credit delinquencies will drift higher in 2025 as the economy slows, but the total dollar delinquency rate will remain below 2019 levels. Global FDI Still Lacks Oomph Forward-looking indicators of cross-border investment suggest a near-term boom is not on the cards. U.S. Chartbook: Ups and Downs Housing and factory indicators pointed up, while consumer sentiment remains weak. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain
GDP
2024Q4: 0.8% q/q
In Spain, the preliminary estimate of GDP growth in the fourth quarter exceeded expectations. Sweden
Monetary Policy
Feb. 2025: 2.25%
Sweden’s Riksbank cut its 1-week repo rate by 25 basis points to 2.25%. Mexico
Employment Situation
Dec. 2024: 2.4% Unemployment
Mexico's unemployment rate saw a slight decline at the end of the year, as the holiday sales season created temporary employment opportunities. United States
MBA Mortgage Applications Survey
January 24: -2.0%
Mortgage activity edged lower, driven by a pull-back in refinancing, with the composite index of mortgage applications from the Mortgage Bankers Association falling 2% in the week ending January 24. United States
Advance Wholesale and Retail Inventories
Dec. 2024: -0.5% m/m
According to the advance estimate, wholesale inventories fell by 0.5% in December following a decrease in the prior month. United States
International Trade in Goods - Advanced
Dec. 2024: -$122.1 bil
The international trade deficit widened to $122.1 billion in December from $103.5 billion in November and $97.5 billion in October. United States
Business Employment Dynamics
2024Q2: 7.6 mil
The latest hard count from the Bureau of Labor Statistics shows that U.S. gross job gains totaled 7.6 million in the second quarter of 2024, following a similar increase in the first quarter. Canada
Monetary Policy
Jan. 2025: 3.00%
The Bank of Canada continued to ease policy, cutting the target for its overnight policy rate and outlining a formal timeline for ending quantitative easing. United States
Oil Inventories
January 24: 415.1 mil barrels
Commercial crude oil inventories rose by 3.5 million barrels in the week ended January 24, a larger increase than the consensus forecast of 1.1 million barrels. United States
FOMC Monetary Policy
Jan. 2025: 4.25% to 4.50%
After lowering the federal funds rate in the final three meetings of 2024, the Federal Open Market Committee opted for a pause in its first meeting of 2025. New Zealand
Foreign Trade
Dec. 2024: NZ$219 mil
Brazil
Monetary Policy
Jan. 2025: 13.25%
Brazil’s central bank started the year by increasing monetary tightening as inflation remains outside the target range and the currency continues to depreciate. Philippines
GDP
2024Q4:
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