| Today's Economy
Economic Roundup: An Encouraging Trend As expected, December’s U.S. CPI data showed a further easing of price growth. LatAm Daily Briefing: Mexico’s Slow Inflation Reduction The central bank sees a gradual decline in a volatile economic environment. Europe Daily Briefing: Euro Stocks Benefit From Slower Inflation Even if inflation is past its peak in major economies, it's still above target and damaging. Asia-Pacific Daily Briefing: China's prices tell a tale of two stories Producer prices continued their descent while consumer prices slightly picked up. » VIEW MORE TODAY'S ECONOMY
Commentary
The Egyptian Pound Gets a Makeover The currency moves towards a flexible exchange rate regime with IMF help. U.S. Road to Recession: Perhaps Just a 'Slowcession' Under almost any scenario, the economy is set to have a difficult year. Prices Fall, but Housing Remains Overvalued By 2025, U.S. house prices will be back to their late-2021 level, eliminating an estimated $4 trillion in housing wealth. Country Risk Spotlight: United Kingdom The country has the most negative near-term economic outlook of all major advanced economies. » VIEW MORE COMMENTARY
Today's Economic Indicators
India
Consumer Price Index
Dec. 2022: 5.72% y/y
In December, India’s year-on-year CPI inflation rate decelerated for the third straight month to 5.72% from 5.88% in November. India
Industrial Production
Nov. 2022: 7.1% y/y
India’s industrial production increased in November by 7.1%, compared with a year earlier. United States
Jobless Claims
January 07: 205,000
U.S. initial claims for unemployment insurance were little changed from the prior week. United States
Consumer Price Index
Dec. 2022: -0.1% m/m
There was meaningful progress made in the fight against elevated inflation in the final quarter of 2022. United States
St. Louis Fed Financial Stress Index
January 06: -0.08
Financial market stress cooled for a fourth straight week, starting 2023 with a bang. United States
State and Local Government Tax Revenue
2022Q3: 6.7% y/y
Growth in state tax revenues slowed significantly in the third quarter with year-ago growth of 6.7% coming in closer to pre-pandemic averages than the extremely rapid gains sustained over the past year. United States
Natural Gas Storage Report
January 06: 11 bil cubic feet
An unexpected increase in gas stocks could put some additional downward pressure on prices. Canada
RPS House Price Index
Dec. 2022:
United States
Treasury Budget
Dec. 2022: -$85.0 bil
In December, the Treasury registered a monthly deficit of $85 billion, compared with the $21.3 billion shortfall in December 2021. Argentina
Consumer Price Index
Dec. 2022: 94.8% y/y
The statistics office’s national consumer price index increased 5.1% m/m in December, compared with 3.8% a year earlier. South Korea
Monetary Policy
Jan. 2023:
China
Foreign Trade
Dec. 2022:
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