| Today's Economy
Turkey’s Economy Is Contracting The downturn will continue through the first quarter of 2019. How Financial Volatility Is Affecting U.S. Economy Volatility in financial markets is normalizing while economic volatility remains low. Europe Daily Briefing: Expect No Move From the Bank of England Headline CPI should slide below target by the first quarter of 2019. Asia-Pacific Daily Briefing: Thailand's Dovish Hike The Bank of Thailand raised rates for the first time since 2011, but don't expect more soon. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Macro Outlook: Looking Back and Looking Ahead Strong growth should continue throughout much of 2019, but it won’t quite measure up to this year. 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. » VIEW MORE COMMENTARY
Today's Economic Indicators
Thailand
Monetary Policy
Dec. 2018: 1.75%
As expected, the Bank of Thailand raised its key policy rate by 25 basis points to 1.75% at its December meeting. United Kingdom
Consumer Price Index
Nov. 2018: 2.3%
The U.K.’s consumer price inflation dipped to 2.3% in November, from 2.4% in October, in line with our expectations. United States
MBA Mortgage Applications Survey
December 14: -5.8%
Mortgage applications moved down during the week ending December 14, reversing some recent positive movement. Purchase applications are slightly up for the year, but refinancing applications remain down. Canada
Consumer Price Index
Nov. 2018: 1.7%
Falling gasoline prices cooled down inflation in November. United States
Current Account
2018Q3: -$124.8 bil
The current account deficit widened substantially in the third quarter, rising to $124.8 billion from a revised $101.2 billion in the prior quarter. Russian Federation
Retail Sales
Nov. 2018: 3.0%
Retail trade unexpectedly picked up the pace in November. United States
Tech Pulse
Nov. 2018: 103.3
All is well with the U.S. tech sector. Russian Federation
Unemployment
Nov. 2018: 4.8%
Russian unemployment rose 0.1 point in November, reaching 4.8%, the highest level since April. United States
Moody’s Analytics Policy Uncertainty Index
December 14: 94.7
U.S. economic policy uncertainty has edged higher, but the implications for growth are minimal. United States
Existing-Home Sales
Nov. 2018: 5.32 mil
Existing-home sales partially recovered in November, coming in 1.9% higher than in October but remaining down 7% from a year earlier. United States
Oil Inventories
December 14: 441.5 mil barrels
The decline in oil inventories fell short of analyst expectations, which will have a negative effect on oil prices. United States
FOMC Monetary Policy
Dec. 2018: 2.25 - 2.50%
The Federal Open Market Committee delivered a dovish rate hike, in line with our expectations. New Zealand
GDP
2018Q3:
Australia
Employment Situation
Nov. 2018:
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