| Today's Economy
Economic Roundup: Weather Boosts U.S. Housing Starts The outlook is solid as permits continue to run ahead of starts. Capital Market View: Corporate Bond Issuance Set to Moderate Last year was a record year for high-yield issuance but it is set to slow. LatAm Daily Briefing: Venture Capital Is On Fire Startups are taking full advantage of the region’s excellent investment opportunities. Europe Daily Briefing: U.K. Inflation Still on the Rise U.K. CPI inflation sped up to its highest in nearly 30 years. » VIEW MORE TODAY'S ECONOMY
Commentary
Global Vaccine Tracker: A Billion U.S. Tests The COVID-19 Omicron variant's adverse effect on the U.S. economy is increasingly visible. Germany Outlook: Supply Chains, Semiconductors and Autos At best, vehicle production will improve slightly over the near term. 2022 APAC Outlook: Recovery Despite Near-Term Volatility The region must and will work through Omicron early in the year. U.S. Chartbook: CPI Cements Fed’s Hawkish Pivot Despite damage from Omicron, the central bank has plenty of reasons to hike rates in March. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany
Consumer Price Index
Dec. 2021: 5.3% y/y
Price pressures cooled considerably in December, as growth in Germany’s consumer price index decelerated from 0.7% m/m in November to 0.2% m/m in December, according to the Bundesbank’s seasonally adjusted index. Indonesia
Monetary Policy
Jan. 2022:
United Kingdom
Consumer Price Index
Dec. 2021: 5.4% y/y
The U.K. Ireland
Consumer Price Index
Dec. 2021: 5.5% y/y
Ireland’s inflation stayed high in December at 5.5% y/y, slightly up from 5.3% in November. United States
MBA Mortgage Applications Survey
January 14: 2.3%
Mortgage application volume has risen for consecutive weeks for the first time in four months. United States
New Residential Construction (C20)
Dec. 2021: 1.702 mil, SAAR
Weather helped boost U.S. residential investment in December. Canada
Consumer Price Index
Dec. 2021: 4.8% y/y
Inflation is cresting. Canada
Wholesale Trade
Nov. 2021: 3.5% m/m
Wholesale sales continued their four-month trend of robust growth in November. United States
Moody's Analytics Inflation Expectations Pulse
January 16: 2.66%
Inflation expectations changed little in the week ended January 16, according to the Moody’s Analytics Inflation Expectations Pulse. United States
Median usual weekly earnings
2021Q4: 2.6% y/y
Growth in median usual weekly earnings isn’t close to keeping up with inflation, but this should prove temporary. China
Foreign Trade
Dec. 2021: US$94.5 bil
United States
Semiconductor Billings
Nov. 2021: 1.8%
Global semiconductor sales continue to rise at a rapid pace. Japan
Foreign Trade
Dec. 2021:
Australia
Employment Situation
Dec. 2021:
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