| Today's Economy
Economic Roundup: Bad News Piles Up for U.S. Labor Market Initial claims have risen by 169,000 over the past two weeks, raising odds of a drop in employment. Europe Daily Briefing: Euro Zone Consumer Prices Slide Further French business sentiment rose thanks to gains in retail and services. LatAm Daily Briefing: Chile's Monetary Stance Remains Stimulative The central bank reacted aggressively in spring by accelerating monetary relaxation to mitigate the impact of the pandemic crisis. Strengthened Taiwan Dollar Sparks Concern Another area of concern is the high levels of liquidity in financial markets. » VIEW MORE TODAY'S ECONOMY
Commentary
Australia Used-Vehicle Price Growth Taps the Brakes Trucks and SUVs have begun to approach a price ceiling. The Impact of Weather in a Pandemic In the age of COVID-19, a mild weekend matters more and snowstorms pack less of a punch. Without the Government, U.S. Consumers Would be Broke, Not Flush The recent surge in income is entirely government driven. U.S. State and Local Shortfall Update: December 2020 Will the money come from taxpayers over time funding federal debt or more immediately in tax hikes and austerity measures? » VIEW MORE COMMENTARY
Today's Economic Indicators
Indonesia
Monetary Policy
Dec. 2020: 3.75%
Bank Indonesia kept key interest rates on hold at the December meeting after five rounds of aggressive rate cuts to revive the pandemic-hit economy. Euro Zone
Consumer Price Index
Nov. 2020: -0.3%
Final numbers confirmed that euro zone consumer prices fell by 0.3% y/y in November, for the third month in a row. United Kingdom
Monetary Policy and Minutes
Dec. 2020: 0.1%
The Bank of England stood pat in December, maintaining the bank rate at 0.1%. Canada
ADP Canada National Employment Report
Nov. 2020: 40,788
The labor market continues to bounce back, reaching an important milestone in ADP's survey. United States
Jobless Claims
December 12: 885,000
U.S. initial claims for unemployment insurance are headed in the wrong direction again. United States
Philadelphia Fed Survey
Dec. 2020: 11.1
The Philly Fed Index showed that manufacturing’s recovery slowed in the first half of December. United States
New Residential Construction (C20)
Nov. 2020: 1.547 mil
Residential construction expanded in November, albeit more slowly than in recent months. United States
State Personal Income
2020Q3: -10%
State personal income declined in the third quarter of 2020 as the expiration of federal income support weighed on growth. United States
State and Local Government Tax Revenue
2020Q3: 19.6%
State tax collections bounced back in the third quarter of 2020 after nose-diving with the economy during the second quarter. United States
Risk of Recession
Oct. 2020:
United States
St. Louis Fed Financial Stress Index
December 11: -0.62
The St. United States
Natural Gas Storage Report
December 11: -122 bil cubic feet
The draw in natural gas inventories matched analyst expectations, indicating that markets were prepared for a decline of this magnitude. United States
Kansas City Fed Manufacturing Survey
Dec. 2020: 14
Manufacturing activity in the 10th District expanded modestly in December. Mexico
Monetary Policy
Dec. 2020: 4.25%
Mexico’s central bank kept monetary policy on hold in December, for a second consecutive time. Argentina
Employment Situation
2020Q3: 11.7% Unemployment
According to Indec’s labor market survey, Argentina's national urban unemployment rate averaged 11.7% in the third quarter, compared with 9.7% a year earlier (figures are not seasonally adjusted). Uruguay
GDP
2020Q3:
Japan
Consumer Price Index
Nov. 2020:
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