| Today's Economy
Capital Markets View: Corporate Defaults Will Remain Low but Inflation Is a Wild Card There is no modern historical precedent for the current situation. LatAm Daily Briefing: Labor Market in Uruguay Improves An increasing number of workers find themselves on solid ground. Europe Daily Briefing: Germany Gets a New Chancellor Olaf Scholz will lead a three-party coalition with investment set to increase under his watch. Asia-Pacific Daily Briefing: Confidence Lifts in Southeast Asia High commodity prices are delivering multiple benefits to Indonesia's economy. » VIEW MORE TODAY'S ECONOMY
Commentary
Euro Zone Risk Matrix Update: Supply Worries Omicron has increased the likelihood that disruptions will persist. Global Vaccine Tracker: Omicron's Macroeconomic Impact The surge in COVID-19 infections across Europe is triggering a new rush to administer booster vaccines to more-vulnerable populations. U.S. Chartbook: Pandemic's Uneven Impacts November's jobs number disappointed, though a more nuanced look is required. Debt Ceiling Tracker: This Is Not a Fire Drill The clock is once again ticking for Congress to avert a catastrophic default by the U.S. government. » VIEW MORE COMMENTARY
Today's Economic Indicators
India
Monetary Policy
Dec. 2021: 4.00%
There were no surprises at the December meeting of the Reserve Bank of India's monetary policy committee, and monetary settings remained unchanged. Brazil
Retail Sales Index
Oct. 2021: -7.1% y/y
Retail sales in Brazil continued to weaken and reported another annual contraction in October. United States
MBA Mortgage Applications Survey
December 03: 2.0%
Mortgage applications climbed 2% in the week of December 3, following a severe 7.2% contraction the week before. United States
Moody's Analytics Inflation Expectations Pulse
December 05: 2.6%
Inflation expectations crept higher in the week ended December 5, according to the Moody’s Analytics Inflation Expectations Pulse. United States
Job Openings and Labor Turnover Survey
Oct. 2021: 6.9% openings rate
October JOLTS data provide further evidence of a tightening labor market. Canada
Monetary Policy
Dec. 2021: 0.25%
The Bank of Canada hit the pause button in December following a series of policy changes at prior meetings. United States
Oil Inventories
December 03: 432.9 mil barrels
A smaller-than-expected decline in oil inventories will apply some downward pressure on oil prices. Russian Federation
Consumer Price Index
Nov. 2021: 8.4% y/y
Russia's annual inflation rate climbed higher in November, accelerating to 8.4% y/y after reaching 8.1% previously. Brazil
Monetary Policy
Dec. 2021: 9.25%
Brazil’s policymakers prescribed another strong monetary dose to the galloping inflation. China
Consumer Price Index
Nov. 2021:
China
Producer Price Index
Nov. 2021:
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