| Today's Economy
Argentina Inflation Expectations Decline The monetary authority removed the policy rate floor. Europe Daily Briefing: Euro Zone Inflation Cools We see the direction in the core rate as being slightly to the upside. The Economy.com Podcast: Inflation and the Trade War The Federal Reserve is gathering for its final meeting of the year, and Jerome Powell has a lot on his mind. Asia-Pacific Daily Briefing: Singapore's Unexpected Export Slump Nonoil domestic exports fell by 2.6% y/y in November, with nonelectronics behind the weakness. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Shutdown Risks, Budget Uncertainty Threaten Holiday Cheer Government shutdown risks are greater this time, but the economic toll would be smaller than usual. U.S. Weekly Highlights and Preview, December 14, 2018 The Fed will hike rates but will turn dovish in its statement and dot plot. FOMC Preview: A Dovish Hike Fed will raise rates but signal fewer hikes in 2019 and a heightened sensitivity to incoming data. Tariffs Tracker: An Uncertain Truce The pause agreed upon by Trump and Xi is a small step, but there's a long way to go. » VIEW MORE COMMENTARY
Today's Economic Indicators
Euro Zone
Consumer Price Index
Nov. 2018: 1.9%
Final numbers confirmed that euro zone inflation fell to 1.9% in November from 2.2% in October. Euro Zone
External Trade
Oct. 2018: €14.0 bil
The euro zone’s external trade surplus narrowed to €14 billion in October from €17.8 billion a year earlier. Russian Federation
Industrial Production
Nov. 2018: 2.4%
Russian industrial production rose 2.4% year over year in November, slowing from the 3.7% growth rate in October. United States
NY Empire State Manufacturing Survey
Dec. 2018: 10.9
There is still a lot to like for New York's manufacturers, but the final Empire State Survey of 2018 reveals less enthusiasm than there has been at any time in the past year and a half. Canada
International Transactions in Securities
Oct. 2018: C$4.0 bil
Foreign investors returned to the Canadian bond market, but their purchases failed to stem a net outflow of funds as Canadian investors increased their overseas holdings. World
Moody's Analytics Survey of Business Confidence
December 14: 23.7
Businesses across the globe are anxious over the escalating trade war between the U.S. and China and the selloff in global stock markets. United States
NAHB Housing Market Index
Dec. 2018: 56
Homebuilder sentiment declined by 4 points to 56 in December. United States
CreditForecast.com Household Credit Report
Nov. 2018: 3.85%
Total U.S. household borrowing grew by 3.85% year over year, or $36 billion. Peru
Unemployment
Nov. 2018: 6.2%
The job market in metropolitan Lima is tightening, but growth in wages and formal sector employment leaves much to be desired. United States
Treasury International Capital Flows
Oct. 2018: $31.3 bil
Net long-term flows increased slightly in October. » VIEW MORE ECONOMIC INDICATORS | 
