| Today's Economy
Economic Roundup: U.S. Economy Ended 2017 on a Solid Note Above-trend growth implies the unemployment rate will continue to decline. Grading Our High-Frequency GDP Model for U.S. Q4 It was a pretty good quarter for the HFM. FOMC Preview: Yellen Rides Off Into the Sunset We expect the Fed to sit tight and make minor tweaks to the statement. LatAm Weekly: Dispatch From Davos At the World Economic Forum, Latin American heads of state redoubled their commitment to free trade. » VIEW MORE TODAY'S ECONOMY
Commentary
Europe Weekly Highlights and Preview, 26 January, 2018 Euro zone momentum sparks optimism. U.S. Economy Keeps Humming Along The composition of growth in Q4 sets up well for the first half of this year. Australia Outlook: Downside Risks Loiter The enviable run of recession-free growth continues; low income growth threatens the uptick. Macro Roundup: Staying Positive in South Korea GDP growth firmed in 2017 to 3.1%, a three-year high. » VIEW MORE COMMENTARY
Today's Economic Indicators
Euro Zone
Monetary Aggregates
Dec. 2017: 4.6%
The broader M3 monetary aggregate decreased to 4.6% in December from a year earlier. United Kingdom
GDP Production Breakdown
2017Q4: 1.5%
The U.K. economy put most pessimists to shame and expanded by 0.5% q/q on the closing stanza of 2017, improving on a 0.4% increase in the third quarter. Germany
Ifo Business Climate Index
Jan. 2018: 117.6
The German Ifo Business Climate Index returned to the record high of 117.6 at the start of this year, after retreating slightly in December. Canada
Consumer Price Index
Dec. 2017: 1.9%
Inflation cooled slightly even as prices advanced during the final month of 2017. United States
Advance Wholesale and Retail Inventories
Dec. 2017: 0.2%
The inventory build moderated in December, but retailers excluding autos closed the year on a high note. United States
International Trade in Goods - Advanced
Dec. 2017: -$71.6 bil
The advance goods deficit unexpectedly widened in December, coming in at $71.58 billion. United States
Durable Goods (Advance)
Dec. 2017: 2.9%
New orders for durable manufactured goods surprised to the upside in December, rising 2.9%. United States
GDP
2017Q4: 2.6%
U.S. Mexico
Trade Balance
Dec. 2017: -US$157.0 mil
T United States
Business Employment Dynamics
2017Q2: 7.6 mil
A near complete count of employment data indicates that the labor market expansion remained fairly steady in the second quarter of 2017. United States
ECRI Weekly Leading Index
January 19: 151.5
The U.S. economy is performing well and signs point to continued expansion over the short term. » VIEW MORE ECONOMIC INDICATORS | 
