Today's Economy Economic Roundup: U.S. Initial Claims Unable to Decrease New filings have been north of 700,000 each week for the past year. Inflation Begins 2021 on Stable Ground in Senegal CPI data released this week show core inflation holding steady. LatAm Daily Briefing: Uruguay Races Against Time Active COVID-19 cases set a new record this week. U.S. Tax Refunds Still Running Behind This will ding February consumer spending, but stimulus makes refunds less important for March. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Vaccine Rollout Drives Update to Regional Rankings Latest COVID-19 exposure index tracks unvaccinated share of residents. A Case for Including Housing Costs in Euro Zone Inflation The ECB's methodology for measuring consumer prices may be missing an important element. Biden Fiscal Policy Flexes Its Muscles The American Rescue Plan is mostly centered on direct relief to individuals and state and local government aid. Semiconductor Chip Shortage Turning a Corner for Autos Chip bottleneck is not likely to hurt year-long U.S. new-vehicle sales but is boosting used prices. » VIEW MORE COMMENTARY
Today's Economic Indicators
Brazil Consumer Price Index Feb. 2021: 5.20% y/y Brazil’s inflation climbed high and above its target in February, for the fourth consecutive month. Ireland Consumer Price Index Feb. 2021: -0.4% Irish CPI fell for the 11th consecutive month, down 0.4% y/y in February. Euro Zone Monetary Policy Mar. 2021: 0% As expected, the European Central Bank’s interest rates and asset purchase programs remained unchanged after its March meeting. United States Jobless Claims March 06: 712,000 U.S. initial claims for unemployment insurance benefits have remained north of 700,000 for the past year. United States St. Louis Fed Financial Stress Index March 05: -0.57 The St. United States Job Openings and Labor Turnover Survey Jan. 2021: 4.6% openings rate The labor market was flat in January. World Moody's Analytics Global CPI Feb. 2021: 0.5% Our estimate of worldwide inflation picked up to 4.3% y/y in February from an upwardly revised rate of 4% in January. United States Natural Gas Storage Report March 05: -52 bil cubic feet Last week’s decline in natural gas stocks fell short of analyst predictions, which should put some downward pressure on gas prices. United States Financial Accounts - Households 2020Q4: $130.15 tril Household wealth continued to surge to new highs in the fourth quarter of 2020. United States Financial Accounts - Nonfinancial Corporate 2020Q4: $15.71 tril Nonfinancial corporate business wealth decreased by $466 billion to $15.71 trillion during the fourth quarter. Argentina Consumer Price Index Feb. 2021: 40.7% y/y The statistics office’s national consumer price index increased 3.6% in February, up sharply from 2% a year earlier. Malaysia Industrial Production Jan. 2021: » VIEW MORE ECONOMIC INDICATORS |