| Today's Economy
Economic Roundup: New Orders On his first day in office, President Trump issued a flurry of new executive orders, but some will be challenged. Europe Daily Briefing: Waiting Game Donald Trump has re-entered the White House with no word yet on euro zone tariffs. Europe Daily Briefing: Surprise PPI Decline Germany's producer prices fell unexpectedly in December. Asia-Pacific Daily Briefing: Surprising Strength in Japan Core Private Machinery Orders The capex outlook faces weak domestic demand and policy uncertainty. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Chartbook: Reading Between the Lines While CPI came in hotter than expected, the details of the report were positive. Top U.S. Fiscal Policy Risks to Watch in 2025 Trump 2.0 and GOP majorities in Congress will lead to a shakeup in fiscal policy that may carry a host of macroeconomic consequences. U.S. Outlook: All Eyes on the Bond Market The U.S. economy is performing exceptionally well, but there are mounting threats. The most immediate is higher interest rates, as the Federal Reserve appears for now to have paused its rate cutting, and long-term interest rates have jumped. China Risk Matrix: Trade Troubles Growth will slow in 2025 and 2026. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
Unemployment
Nov. 2024: 4.4%
The U.K.'s unemployment rate in the three months to November was 4.4%, an increase of 0.1 percentage point from the previous period. Hong Kong SAR (China)
Consumer Price Index
Dec. 2024: 1.4% y/y
Hong Kong's headline composite consumer price index rose 1.4% year over year in December, unchanged from the prior month’s reading. Mexico
Retail & Wholesale Sales
Nov. 2024: -1.9% y/y
Retail sales contracted in November, reflecting the weakness of consumer spending in an uncertain environment. Canada
Consumer Price Index
Dec. 2024: 1.8% y/y
The sales tax holiday helped dampen CPI inflation in the final month of the year, but a closer look at the details indicates some price pressure reintensifying. United States
Philadelphia Fed Nonmanufacturing Survey
Jan. 2025: 2.2
According to the Philly Fed’s Nonmanufacturing Business Outlook Survey, activity continued to expand in the first month of 2025. World
Moody's Analytics Survey of Business Confidence
January 17: 25.6
Global business sentiment has steadily improved over the past year and is starting this year strongly. South Korea
Consumer Sentiment Index
Jan. 2025:
New Zealand
Consumer Price Index
2024Q4: 2.2% y/y
Malaysia
Consumer Price Index
Dec. 2024:
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