| Today's Economy
Economic Roundup: U.S. Housing Market Goes Lower and Lower Pending home sales fell even more than expected in November. Europe Daily Briefing: Sovereign Yields See Rapid Rise We do not foresee a new euro zone sovereign debt crisis unfolding in our baseline forecast. Asia-Pacific Daily Briefing: Japan's Industrial Production Dips November data show output fell for a third straight month. Economic Roundup: Global Businesses Anxious at Year's End Concerns surrounding the economic and geopolitical environment continue to mount. » VIEW MORE TODAY'S ECONOMY
Commentary
Inflation Is Changing Under the Hood U.S. service prices now lead consumer price growth. U.S. Credit Outlook: A Look Back Overly aggressive tightening by the Federal Reserve is the main threat to lending in the months ahead. U.S. Chartbook: You’re a Mean One, Mr. Housing Market Mortgage rates have more than doubled since the beginning of the year, leaving buyers less willing and able to purchase new and existing homes. U.S. Employment Outlook: It's Not Your Father's Labor Market A descent into recession if the Fed fails to achieve a soft landing is the greatest threat facing the labor market over the next year. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
Pending Home Sales
Nov. 2022: 73.9
The NAR Pending Home Sales Index declined 4% to 73.9 in November, continuing its downward trend after peaking at 122.4 in October 2021. United States
Richmond Fed Manufacturing Survey
Dec. 2022: 1
Manufacturing activity in the Fifth Federal Reserve District remains soft but is showing some improvement, according to the Richmond Fed's manufacturing survey. United States
Texas Service Sector Outlook Survey
Dec. 2022: -0.6
Texas services weakened in December with revenues declining for the first time in a number of months. Brazil
Employment Situation
Nov. 2022:
Mexico
Employment Situation
Nov. 2022: 2.8% Unemployment
The rate of unemployment reported a decrease in November as some temporary jobs were created. Russian Federation
Industrial Production
Nov. 2022: -1.8% y/y
Russian Federation
Retail Sales
Nov. 2022: -7.9% y/y
Russia’s retail sales contracted by 7.9% y/y in November, deepening the downwardly revised 10% decline in October. Russian Federation
Unemployment
Nov. 2022: 3.7%
South Korea
Industrial Production
Nov. 2022:
South Korea
Retail Sales
Nov. 2022:
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