Today's Economy Economic Roundup: U.S. Trade Deficit Widens The strong dollar will weigh down on export demand. The World Cup and U.S. Trade Deficit The prestigious event doesn’t boost the U.S. trade deficit as much as the Olympics. No Europe Daily Briefing on Tuesday LatAm Daily Briefing: Colombia’s Challenging Energy Transition An aggressive plan to eliminate fossil fuels carries substantial economic risks. » VIEW MORE TODAY'S ECONOMY
Commentary Jobs Report Did Little to Alter Expectations for FOMC The Fed will likely hike rates by 50 basis points despite the stronger-than-expected jobs report. U.S. Chartbook: Mixed Signals Payroll gains surprised on the upside in November, but the household survey sang a different tune. This Week in Housing Declines in U.S. house prices moderate but weakness in pending sales points to further declines. U.S. Weekly Highlights and Preview, December 2, 2022 Consumer sentiment is set to improve. » VIEW MORE COMMENTARY
Today's Economic Indicators
Taiwan (China) Consumer Price Index Nov. 2022: 2.4% y/y In November, Taiwan's headline consumer price index rose 2.4% year on year. United States International Trade (FT900) Oct. 2022: -$78.2 bil The deficit on goods and services widened to 78.2 billion in October, up $4 billion from an upwardly revised $74.1 billion. Canada International Merchandise Trade Oct. 2022: C$ 1.21 bil Canada's merchandise exports rose by 1.5% in October, while imports pushed higher by 0.6%. United States Moody's Analytics Used Vehicle Price Indexes Nov. 2022: -11.6% y/y Weakness was once again omnipresent in U.S. used-vehicle prices in November. Canada Purchasing Managers' Index Nov. 2022: 51.4 The Ivey Purchasing Managers' Index pushed higher to 51.4 in November from 50.1 in October, still hanging above the cutoff point of 50 that demarcates expansion and contraction territory. United States CoreLogic Home Price Index Oct. 2022: 10.1% y/y The U.S. housing market is crumbling under the weight of higher mortgage rates and low affordability. Chile Monetary Policy Dec. 2022: 11.25% Chile’s central bank announced a monetary pause in December after a rate hike previously. Australia GDP 2022Q3: China Foreign Trade Nov. 2022: Philippines Industrial Production Oct. 2022: » VIEW MORE ECONOMIC INDICATORS |