| Today's Economy
LatAm Daily Briefing: Argentina Implements Second Rate Hike The central bank is under pressure to get its house in order ahead of a pending deal with the IMF. Capital Market View: Russian-Ukraine Conflict Takes Toll on Bond Market U.S. corporate bond spreads have widened and total returns are in the red for the year. Europe Daily Briefing: Escalation of Russia-Ukraine Conflict Will Hurt Russia and Ukraine will suffer the most, but inflation pressures will rise everywhere. Escalation in Ukraine-Russia Crisis Complicates Everyone’s Lives Inflation, which is already high, will climb even higher. » VIEW MORE TODAY'S ECONOMY
Commentary
Global Outlook: Navigating Uncertainty Despite an expanding global economy, recovery from the pandemic-induced recession is uneven. U.S. Chartbook: Dark Clouds and Silver Linings Russia-Ukraine tensions risk complicating matters for the Fed ahead of the March FOMC meeting. This Week in the COVID-19 Recovery The fate of the U.S. economic recovery hinges on whether the uncomfortably high inflation soon moderates with the fading pandemic. A Hawkish Pivot by the BoJ? Not So Fast Speculation about policy change neglects crucial context. » VIEW MORE COMMENTARY
Today's Economic Indicators
Finland
Unemployment rate
Jan. 2022: 7.5% y/y
Finland’s not seasonally adjusted unemployment rate dropped to 7.5% in January from 8.8% a year earlier. Hong Kong SAR (China)
Consumer Price Index
Jan. 2022: 1.2% y/y
Hong Kong’s headline Composite Consumer Price Index rose by 1.2% over the year in January, smaller than the corresponding increase of 2.4% in December. Italy
Consumer Price Index
Jan. 2022: 4.8% y/y
Italy’s headline inflation rate accelerated to 4.8% y/y in January, the highest value since April 1996, as electricity and gas prices recorded the sharpest yearly increase on record. United States
Philadelphia Fed Nonmanufacturing Survey
Feb. 2022: 27.5
Nonmanufacturing activity in the Philly Fed District bounced back in February. United States
S&P CoreLogic Case-Shiller® Home Price Indexes
Dec. 2021: 18.6% y/y
House price appreciation accelerated slightly in December, as measured by the S&P CoreLogic Case-Shiller 20-City Composite Index, partially reversing the pattern of slower growth that began in summer 2021. United States
FHFA Purchase-Only House Price Index
Dec. 2021: 17.6% y/y
The Federal Housing Finance Agency Purchase-Only House Price Index finished 2021 strongly, with house prices up 17.6% from a year ago in December. World
Moody's Analytics Survey of Business Confidence
February 18: -0.9
Global business sentiment remained just above water last week, as there were somewhat more positive than negative responses to the survey questions. United States
Richmond Fed Manufacturing Survey
Feb. 2022: 1
Manufacturing activity in the Richmond Federal Reserve District softened again in February. United States
Conference Board Consumer Confidence
Feb. 2022: 110.5
U.S. consumer confidence came in slightly worse than we anticipated in February, marking two months in a row of declines. United States
Moody’s Analytics Policy Uncertainty Index
February 18:
New Zealand
Monetary Policy
Feb. 2022:
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