| Today's Economy
Economic Roundup: Boring Start to What Fed Hopes Is Uneventful Year The Fed tweaks its post-meeting statement but more changes are needed next time. Peru, Facing a Second Wave, Tightens the Screws A two-week COVID-19 lockdown looms over the outlook. Final Thoughts Ahead of Q4 U.S. GDP We look for GDP to have risen 5.5% at an annualized rate. LatAm Daily Briefing: Mexico's Potential Surprise There could be a significant rebound this year, though it wouldn't signal a strong economy. » VIEW MORE TODAY'S ECONOMY
Commentary
Global Outlook: Rocky Start to 2021 Economic recovery will gain momentum through the year, supported by the vaccine rollout. Italy’s Next Steps The prime minister's resignation raises policy risks in the medium term. U.S. Consumers Spend Like They Are Sheltering in Place Spending related to staying at home soared in 2020 but is likely to become a laggard later this year. Used-Vehicle Valuations Reverse Demand in the U.S. slowed as job creation provided less support. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
MBA Mortgage Applications Survey
January 22: -4.1%
Mortgage applications slid by 4.1% in the week of January 22, adding to the 1.9% decline in the previous week. United States
Durable Goods (Advance)
Dec. 2020: 0.2%
U.S. manufacturing and business equipment spending lost a little momentum at the end of last year. United States
Business Employment Dynamics
2020Q2: 5.7 mil
Business Employment Dynamics data for the second quarter of 2020, while affected by data-collection challenges, provide a fairly complete picture of the magnitude of the COVID-19-induced recession. United States
Oil Inventories
January 22: 476.7 mil barrels
A surprise drop in commercial crude oil inventories by 9.9 million barrels in the week ended January 22 went against consensus expectations of a 376,000-barrel increase, which will support oil prices. France
Job Seekers
Dec. 2020: 3.59 mil
The number of French job seekers held relatively flat in December, inching up by just 500 people from 3.59 million in November. Argentina
Retail Sales Index
Nov. 2020: -26.1%
The index that tracks nominal sales at Buenos Aires’ largest shopping centers dropped 26% y/y in November after dropping 65.3% in the previous month. United States
FOMC Monetary Policy
Jan. 2021: 0% to 0.25%
The January meeting of the Federal Open Market Committee was uneventful, with no changes to policy nor forward guidance on either the fed funds rate or asset purchases. Chile
Monetary Policy
Jan. 2021:
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