Today's Economy Economic Roundup: U.S. Government Shutdown Looms Government shutdown risks have risen, while U.S. economic growth accelerates. Looking for a Christmas Miracle on Capitol Hill The risk of a government shutdown has risen as Trump, Musk torpedo Johnson’s stopgap bill. LatAm Daily Briefing: Trump Tariff Effects The region is bracing for economic instability when the tariffs are imposed. Car Trouble EU new-car registrations are down overall, but hybrids are winning out. » VIEW MORE TODAY'S ECONOMY
Commentary Canada Risk Matrix: Tick Tock The finance minister's shock departure leaves the government looking increasingly unstable. Global Outlook: Growth Diminished Trump's policies will bring higher inflation and diminished growth. U.K. Housing Market Report 2024Q4 As recovery takes root, some easing in affordability pressures provides a positive outlook for next year. U.S. Consumer Inflation Worries Uncertainty is a concern for consumers in addition to the level of prices. » VIEW MORE COMMENTARY
Today's Economic Indicators
Philippines Monetary Policy Dec. 2024: 5.75% As expected, Bangko Sentral ng Pilipinas cut the overnight reverse repo rate by 25 basis points to 5.75% in December. Sweden Monetary Policy Dec. 2024: 2.5% Sweden’s Riksbank cut its policy interest rate by 25 basis points to 2.5% at its December meeting. Norway Monetary Policy Dec. 2024: 4.5% The Norges Bank held its sight deposit rate at its December 19 meeting, leaving it at 4.5% for a full year now. United Kingdom Monetary Policy and Minutes Dec. 2024: 4.75% At the December meeting, the Bank of England kept the policy rate unchanged at 4.75%, in line with our baseline, the consensus, and financial market expectations. Canada Earnings, Hours and Employment Oct. 2024: 5.3% y/y The number of employees receiving pay and benefits from their employer fell again in October by 21,100 (-0.1%) positions after declining in September and changing little in August. United States Jobless Claims December 14: 220,000 U.S. initial claims for unemployment insurance reversed course after rising in recent weeks. United States GDP 2024Q3: 3.1%, q/q, SAAR The U.S. economy grew by a solid 3.1% in the third quarter, according to the Bureau of Economic Analysis’ final estimate. United States Industry GDP 2024Q3: 2.8 ppt, SAAR Private industries contributed 2.8 percentage points to the 3.1% annualized growth in real GDP in the third quarter. United States Philadelphia Fed Survey Dec. 2024: -16.4 Factory activity weakened in December in the Fed’s Third District. United States Existing-Home Sales Nov. 2024: 4.15 mil, SAAR Existing-home sales increased in November, climbing 4.8% to a seasonally adjusted annual rate of 4.15 million. United States St. Louis Fed Financial Stress Index December 13: -0.59 The St. United States Conference Board Leading Indicators Nov. 2024: 0.3% The Conference Board Leading Economic Index increased 0.3% in November, bucking consensus expectations for no change. United States Natural Gas Storage Report December 13: -125 bil cubic feet Last week’s decline in natural gas stocks fell slightly short of analyst predictions, which could weigh on gas prices. United States Kansas City Fed Manufacturing Survey Dec. 2024: -4 Manufacturing activity dipped in December among Tenth District factories, according to the Kansas City Fed’s Manufacturing Survey. Mexico Monetary Policy Dec. 2024: 10.00% Unsurprisingly, the Bank of Mexico prescribed another rate cut in its last meeting of the year as the decline in inflation opened space for additional monetary relaxation. United States Treasury International Capital Flows Oct. 2024: $152.3 bil Net long-term international capital flows were $152.3 billion in October, a decrease from net inflows of $216.1 billion in September. New Zealand Foreign Trade Nov. 2024: Japan Consumer Price Index Nov. 2024: China Monetary Policy Dec. 2024: Malaysia Consumer Price Index Nov. 2024: » VIEW MORE ECONOMIC INDICATORS |