| Today's Economy
Reducing China's Financial Risk Is a Priority Reform isn't easy and there have already been hiccups with pollution reduction. Canadian Growth Poised for Rebound GDP growth will accelerate as transitory factors subside. Economic Briefing: A Steady Bank of Japan U.S. September quarter GDP likely unrevised at 3.3% annualised. Economic Roundup: U.S. Housing Market Data Continue to Impress Existing-home sales rose 5.6% in November to 5.81 million annualized units. » VIEW MORE TODAY'S ECONOMY
Commentary
Asia-Pacific Weekly Highlights and Preview, 22 December, 2017 Japan's November data will confirm wage growth is weak and the 2% inflation target is not close. U.S. Employment Outlook: The Expansion's Big Tent Workers with higher than average incidence of unemployment face improved prospects in 2018. U.S. Chartbook: Fed Tightens, Retail Brightens, Deficit Frightens Surprisingly strong holiday shopping is met with a Fed rate hike and deteriorating federal budget. U.S. Macro Outlook: A Plan That Doesn't Get It Done The tax cuts will add little to the economy in the long run, but will add significantly to deficits and debt load. » VIEW MORE COMMENTARY
Today's Economic Indicators
Japan
Monetary Policy
Dec. 2017: ¥80 tril.
The Bank of Japan remains comfortably on the sidelines, and it will likely be the last global central bank to taper its large-scale asset-purchase program. Canada
Consumer Price Index
Nov. 2017: 2.1%
Inflation is heating up. Canada
Retail Trade
Oct. 2017: 1.5%
Retail sales rose 1.5% to C$49.9 billion in October. United States
Chicago Fed National Activity Index
Nov. 2017: 0.15
The pace of U.S. economic growth slowed in November. United States
Jobless Claims
December 16: 245,000
Initial claims are notoriously volatile this time of year because of seasonal adjustment issues surrounding the holidays. United States
GDP
2017Q3: 3.2%
U.S. United States
Philadelphia Fed Survey
Dec. 2017: 26.2
Manufacturing conditions continue to improve. United States
FHFA Purchase-Only House Price Index
Oct. 2017: 6.6%
The Federal Housing Finance Agency Purchase-Only House Price Index rose 6.6% in October on a year-ago basis, which is slightly faster than the previous month’s increase. Mexico
Economic Activity Index
Oct. 2017: 1.5%
Mexico’s activity underperformed in October, dragged by the industrial contraction. United States
Conference Board Leading Indicators
Nov. 2017: 0.4%
The U.S. economic outlook continues to improve. United States
St. Louis Fed Financial Stress Index
December 15: -1.53
Financial stress conditions increased for the third straight week, rising to -1.53. United States
Natural Gas Storage Report
December 15: -182 bil cubic feet
A larger than expected decline in natural gas inventories will provide some upward pressure on prices. Argentina
Retail Sales Index
Oct. 2017: 20.7%
The index that tracks nominal sales at Buenos Aires’ largest shopping centers increased 20.7% y/y in October after 24.8% in the previous month. » VIEW MORE ECONOMIC INDICATORS | 
