| Today's Economy
FOMC Has Upbeat Business Outlook Relative to Consensus The Fed believes the arrival of a vaccine will accelerate the economy during 2021’s second half. Economic Roundup: Fed Ties Asset Purchases to Economic Objectives The Fed may not taper its asset purchases next year. Nor'easter and the U.S. Economy The storm is unlikely to be a noticeable drag on Q4 GDP. LatAm Daily Briefing: Slow Labor Recovery in Uruguay Near-term prospects will be hurt if the government fails to succeed on containing the second wave of infections. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Credit Outlook: Gains Holding Steady Performance remains robust despite an unemployment rate above 6.5%. The Impact of COVID-19 on Geographic and Industry Mobility We explore how the pandemic has affected movement across U.S. geographies, jobs and industries. Will U.S. Fiscal Policy Go From Boom to Bust? This year's pandemic relief had an enormous impact on the economy. How We Fared on the Key Questions for 2020 We didn't predict a pandemic. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
Consumer Price Index
Nov. 2020: 0.3%
U.K. Euro Zone
External Trade
Oct. 2020: €30.0 bil
The euro zone’s not seasonally adjusted trade surplus expanded to €30 billion in October from €27.2 billion a year earlier. United States
MBA Mortgage Applications Survey
December 11: 1.1%
Mortgage applications grew by 1.1% in the week of December 11 after falling by 1.2% in the previous week. United States
Retail Sales
Nov. 2020: -1.1%
Retail sales are struggling under the weight of increased COVID-19 infections and restrictions on activity and the already high level of sales. Canada
Consumer Price Index
Nov. 2020: 1.0%
Inflation accelerated in November as housing costs heated up, but the overall pace of price appreciation remains below the Bank of Canada's target. Canada
International Transactions in Securities
Oct. 2020: C$6.9 bil
Canadians again increased their holdings abroad in October, marking the sixth straight month of net increases, while overseas investors acquired slightly more Canadian securities than in September. Canada
Wholesale Trade
Oct. 2020: 1.0%
Wholesale sales continue to move higher at a healthy pace, leaving the declines from the first COVID-19 wave well in the rearview mirror. United States
Business Inventories (MTIS)
Oct. 2020: 0.7%
Business inventories increased in October. United States
NAHB Housing Market Index
Dec. 2020: 86
After three successive months of record highs, homebuilder confidence edged down 4 points to 86 in December. United States
Oil Inventories
December 11: 500.1 mil barrels
A larger than expected decline in oil inventories will help support oil prices. Singapore
Foreign Trade
Nov. 2020:
United States
FOMC Monetary Policy
Dec. 2020: 0% to 0.25%
The Federal Open Market Committee attached some forward guidance to its asset purchases, which will now continue until “substantial further progress has been made toward the committee’s maximum employment and price stability goals.” The Fed didn’t alter the size or the composition of its asset purchases. Argentina
GDP
2020Q3: -10.2%
Argentina's economy contracted 10.2% y/y in the third quarter, after contracting 19% y/y in the previous quarter. New Zealand
GDP
2020Q3:
Australia
Employment Situation
Nov. 2020:
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