| Today's Economy
Economic Roundup: Crosswinds for U.S. Consumers Strong household balance sheets contend with rapidly rising prices. LatAm Daily Briefing: Recovering LatAm’s Lost Output Despite an expected slowdown this year, the region will see its highest production volume since 2019. Europe Daily Briefing: ECB Signals Q3 End of QE The ECB stated that asset purchases should end in the third quarter. Asia-Pacific Daily Briefing: Singapore's First-Quarter Growth Disappoints The Monetary Authority of Singapore tightened monetary policy as expected. » VIEW MORE TODAY'S ECONOMY
Commentary
Russia-Ukraine Tracker: Economic Prospects Worsen We have revised up our probability of a global recession to one in three. The Fed and Stagflation To return inflation to 2%, the central bank may have to incur a mild recession. Japan Risk Matrix Update: Weights on Spending The Russia-Ukraine military conflict raises the likelihood of new shocks at a time when supply chains are still recovering from COVID-19 disruptions. Global Tightening Cycle: Explaining the Differences The pace of tightening among central banks depends on the local characteristics of inflation and cost-benefit analyses. » VIEW MORE COMMENTARY
Today's Economic Indicators
Finland
Consumer Price Index
Mar. 2022: 5.8% y/y
Finland’s annual inflation rate climbed higher in March, accelerating to 5.8% y/y from 4.5% in February. Sweden
Consumer Price Index
Mar. 2022: 6.0% y/y
Sweden’s inflation rate jumped to 6% y/y in March from 4.3% in February. Euro Zone
Monetary Policy
Apr. 2022: 0%
The European Central Bank did not make changes to its monetary policy at its meeting Thursday. United States
Import and Export Prices
Mar. 2022: 2.6% m/m
Import prices increased more than anticipated in March, but we expect that the worst of the U.S. inflation problem is over. United States
Retail Sales
Mar. 2022: 0.5%, m/m
Retail sales appeared healthy but actually remained weak in March with gains that were largely attributable to rising prices. United States
Jobless Claims
April 09: 185,000
U.S. initial claims for unemployment insurance increased by 18,000 to 185,000 in the week ended April 9. Canada
Survey of Manufacturing
Feb. 2022: 4.2% m/m
Manufacturing sales rose for the fifth straight month in February. Canada
New Motor Vehicle Sales
Feb. 2022: -11.0% y/y
Purchases of new cars and trucks in Canada finally bounced in February after seven consecutive monthly declines, increasing by 7% from January's sales performance. Canada
Wholesale Trade
Feb. 2022: -0.4% m/m
After two quarters of strong gains, Canadian wholesale trade dropped in February. India
Foreign Trade
Mar. 2022: -US$18.5 bil
India’s merchandise trade deficit contracted moderately from $20.9 billion in February to $18.5 billion in March, owing to a much sharper rise in exports than imports month over month. United States
University of Michigan Consumer Sentiment Survey
Apr. 2022: 65.7
U.S. consumer confidence unexpectedly rose to a three-month high in April on rebounding expectations despite high gasoline prices, inflation staying in the headlines, and the weak stock market. United States
St. Louis Fed Financial Stress Index
April 08: -1.24
Financial stress edged higher last week with the St. United States
Business Inventories (MTIS)
Feb. 2022: 1.5% m/m
Business inventories increased by 1.5% from January to February. United States
Natural Gas Storage Report
April 08: 15 bil cubic feet
Natural gas stocks grew by 15 billion cubic feet last week, so this report put modest downward pressure on prices. » VIEW MORE ECONOMIC INDICATORS | 
