| Today's Economy
LatAm Daily Briefing: Fewer Venezuelans Left the Country in 2021 More residents are staying put as the economic outlook brightens. Capital Market View: Meet the 2022 FOMC Regional Fed presidents may not sway the path of policy, but they can move markets. Europe Daily Briefing: German Unemployment Falls Further Germany's unemployment rate fell for the fourth month in a row. Asia-Pacific Daily Briefing: South Korea's Exports Ended 2021 on a High Omicron may weaken growth of manufacturing exports in the first quarter. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Inflation Tracker: Expect Fed to Fight China’s so-called zero-tolerance policy regarding COVID-19 clouds the outlook for supply chains and prices. U.S. Weekly Highlights and Preview, January 4, 2022 Excess savings are unlikely to be reduced meaningfully until more of the pent-up demand for consumer services is unleashed. U.S. Chartbook: Another Pandemic Year Over Virus risks still cloud the outlook, but there is room for optimism in the new year. This Week in the COVID-19 Recovery Risks are rising as global investors continue to drive up asset prices regardless of the path of the pandemic and monetary and fiscal policy. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
CoreLogic Home Price Index
Nov. 2021: 18.1% y/y
The CoreLogic Home Price Index increased 18.1% year over year in November, up slightly from the 18% pace before revisions in October and the fastest pace ever recorded going back to 1976. United States
Moody's CMBS Delinquency Tracker
Nov. 2021: 5.33%
The Moody’s CMBS Delinquency Tracker total delinquency rate decreased 33 basis points to 5.33% in November. Switzerland
Consumer Price Index
Dec. 2021: 1.5%
Switzerland’s CPI rose 1.5% y/y in December, the same as in November. Germany
Retail Sales
Nov. 2021: 0.6% m/m
Retail sales excluding autos continued their roller-coaster ride in 2021, pushing higher by 0.6% m/m in November. Germany
Unemployment
Dec. 2021: 5.2%
Germany’s unemployment rate ticked down to 5.2% in December, a 10-basis point improvement from November and the seventh time in the last eight months that the unemployment rate declined. Canada
Industrial Product and Raw Materials Price Indexes
Nov. 2021: 0.8% m/m
Despite a pullback in energy prices, industrial product prices pushed higher in November as fertilizer, agricultural, textile, metal and furniture prices drove a broad-based increase. World
Moody's Analytics Survey of Business Confidence
December 31: 0.8
Surging Omicron COVID-19 infections are weighing increasingly heavily on business sentiment. United States
Job Openings and Labor Turnover Survey
Nov. 2021: 6.6% openings rate
The labor market remained tight in November. United States
ISM Manufacturing Index
Dec. 2021: 58.7
U.S. manufacturing conditions softened in December as the ISM manufacturing index fell more than either we or the consensus anticipated, dropping from 61.1 to 58.7. United States
CreditForecast.com Household Credit Report
Dec. 2021: 7.35% y/y
The consumer credit market continued to expand through the end of 2021, increasing its total outstanding balance by $60 billion to $15.1 trillion, a 0.4% monthly increase and good for 7.35% year-over-year growth. United States
Semiconductor Billings
Nov. 2021: 1.8%
Global semiconductor sales continue to rise at a rapid pace. » VIEW MORE ECONOMIC INDICATORS | 
