| Today's Economy
Economic Roundup: New Year, New U.S. Baseline Forecast New fiscal policy assumptions cause GDP growth to hit 5% this year and next. U.S. Inflation Heat Map Update Price pressures remained on a relatively even keel in December. LatAm Daily Briefing: Pandemic Damaged Exports in Uruguay Europe Daily Briefing: Euro Zone Production Heats Up in November Industrial output rose, but the good news won't carry on in December. » VIEW MORE TODAY'S ECONOMY
Commentary
New Fiscal Policy Assumptions Lead to Big Changes in January U.S. Baseline Our forecast of 5% GDP growth this year and next is even more above the consensus. Monetary Policy Tracker: The Inflation Bind Brazil, Chile and Mexico's central banks ended 2020 in expansionary territory after significant interest rate cuts. U.S. COVID-19 Tracker Update: Travel Will Revive It doesn’t appear that the pandemic has caused a huge change in people’s willingness to travel, raising our confidence for a spending rebound. U.S. Weekly Highlights and Preview, January 11, 2021 The outcome of the Georgia Senate races and Democratic control of the federal government have a significant bearing on prospects for fiscal policy. » VIEW MORE COMMENTARY
Today's Economic Indicators
Italy
Industrial Production
Nov. 2020: -1.4%
Italy's industrial production fell by 1.4% m/m in November, offsetting October’s increase, as new lockdowns caused all the main sectors to contract. Euro Zone
Industrial Production
Nov. 2020: 2.5%
Euro zone industrial production rose by 2.5% m/m in November, adding to the 2.3% increase in October. United States
MBA Mortgage Applications Survey
January 08: 16.7%
Mortgage applications surged 16.7% in the week of January 8, adding to the 1.7% rise in the previous week. United States
Consumer Price Index
Dec. 2020: 0.4%
The Federal Reserve is going to look past increases in consumer prices over the next few months, as they are not sustainable and a rate hike is not on the horizon. United States
Oil Inventories
January 08: 482.2 mil barrels
A larger than expected decline in oil inventories will support oil prices. China
Foreign Trade
Dec. 2020:
United States
Beige Book
Jan. 2021:
According to the January Beige Book, the economy grew modestly since the previous report, marking a slight deceleration in the pace of growth. United States
Treasury Budget
Dec. 2020: -$143.6 bil
December puts the first quarter of fiscal 2021 in the books, and federal budgetary conditions have continued to deteriorate because of weakness in economic activity, as well as ongoing federal fiscal relief. Japan
Machinery Orders
Nov. 2020:
China
Industrial Production
Dec. 2020:
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