Today's Economy Economic Roundup: U.S. Housing Market Takes It on the Chin New-home sales are rapidly slowing as interest rates continue to erode affordability. Capital Market View: Moral Hazard in U.S. HY Corporate Bond Market? The relationship between the VIX and high-yield spreads has broken down since the pandemic. Q3 U.S. GDP: The Final Countdown The gain in quarterly growth will be misleading. LatAm Daily Briefing: Different Recipe, Same Results Despite various monetary policy tactics, the region’s central banks must still deal with unwieldy inflation. » VIEW MORE TODAY'S ECONOMY
Commentary Euro Zone Inflation Tracker: Reaching the Top Energy prices accelerated in September to remain the single largest contributor to the headline HICP rate. This Week in the Economy: Catching a Break The coming year will be a difficult one for the U.S. economy; just how difficult depends on whether the economy is able to catch a break. What to Make of 'Technical Recessions' Across States No regional economy is truly contracting, but a few post-pandemic patterns are changing. Global Outlook: Europe Will Go Down First While the world economy is still expected to skirt recession, some regions are already entering a downturn. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States Moody's CMBS Delinquency Tracker Sep. 2022: 4.11% The Moody’s Delinquency Tracker total delinquency rate edged down 8 basis points to 4.11% in September. Singapore Industrial Production Sep. 2022: 0.9% y/y Singapore’s industrial production was up 0.9% y/y in September, a slight improvement from August’s 0.4% print. France Job Seekers Sep. 2022: 2.91 mil The number of job seekers in France decreased to 2.91 million in September from 2.97 million in August. United States MBA Mortgage Applications Survey October 21: -1.7% The carnage continues in the U.S. mortgage market. United States Advance Wholesale and Retail Inventories Sep. 2022: 0.8% m/m Wholesale and retail inventories continue to build steadily as companies stock up in anticipation of continued strong demand and as the impacts of supply-chain disruptions lessen. United States International Trade in Goods - Advanced Sep. 2022: -$92.2 bil The U.S. trade deficit widened to $92.2 billion in September from $87.3 billion in August, following several months of declines. United States Business Employment Dynamics 2022Q1: 8.4 mil The labor market slowed but remained quite strong in the first quarter as the economy continued to recover from the impact of the pandemic and the consequences of more aggressive monetary policy had not yet been felt. Canada Monetary Policy Oct. 2022: 3.75% The Bank of Canada pushed ahead with another sizable policy-rate increase, but the growing fault lines in the economy and some modest improvement on top-line inflation elicited a relatively more cautious move in October. United States New-Home Sales Sep. 2022: 603,000 SAAR U.S. new-home sales came in just above expectations in September. United States Oil Inventories October 21: 439.9 mil barrels A larger-than-expected increase in crude oil stocks could push prices slightly lower. Russian Federation Industrial Production Sep. 2022: -3.1% y/y Russia's industrial production contracted by 3.1% y/y in September, significantly worsening the 0.1% loss in August, as a result of a contraction in all main industries. Brazil Monetary Policy Oct. 2022: South Korea GDP 2022Q3: » VIEW MORE ECONOMIC INDICATORS |