| Today's Economy
Economic Roundup: Revisiting Our U.S. Fiscal Policy Assumptions The Georgia Senate elections signal that more stimulus is likely this quarter. U.S. Inflation’s Roller-Coaster Ride in 2021 Don't fret too much about the acceleration in the first half of the year; it will be transitory. LatAm Daily Briefing: Uruguay's Inflation Problem Prices experienced a surge at the onset of the pandemic. How Lifting the Blockade Will Change Qatar's Trade The Saudi-led blockade of Qatar has been lifted but regional trade is likely to evolve slowly. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Chartbook: A Dim Ending to a Dark Year The economy entered the new year still struggling under the weight of the pandemic. U.S. COVID-19 Tracker Update: Vaccinations Are Behind Schedule Until the vaccines are widely distributed, the economy will struggle. EU-China Investment Agreement Is a Win-Win Significant provisions create a more level playing field for European Union companies. Pandemic Dramatically Alters U.S. Spending Patterns Some long-running trends were reversed, others accelerated. » VIEW MORE COMMENTARY
Today's Economic Indicators
Japan
Consumer Confidence
Dec. 2020: 31.8
Japan's consumer confidence index dipped to 31.8 in December, down 1.9 points from the previous month. United States
California Manufacturing Survey
2021Q1:
United States
MBA Mortgage Applications Survey
January 01: 1.7%
Mortgage applications rose by 1.7% in the week of January 1 after sliding by 5.8% in the previous week. United States
Vehicle Sales - BEA
Dec. 2020: 16.3 mil, SAAR
U.S. vehicle sales reported by the BEA again jumped above 16 million seasonally adjusted annualized units in December. United States
ADP National Employment Report
Dec. 2020: -123,000
The labor market recovery took a step back to end the year as job losses reemerged. United States
Factory Orders (M3)
Nov. 2020: 1.0%
U.S. factory orders increased a touch more than we anticipated in November, but it didn’t have any impact on our high-frequency GDP model’s estimate of fourth-quarter GDP, which remained at 7.1% at an annualized rate. United States
Oil Inventories
January 01: 485.5 mil barrels
A larger than expected decline in oil inventories will support oil prices. China
Foreign Trade
Dec. 2020:
United States
FOMC Minutes
Dec. 2020:
There were not many surprises in the minutes from the December Federal Open Market Committee, but these are also now dated given the outcome of the Georgia Senate runoffs, as it's more likely that additional fiscal stimulus is coming. United States
Semiconductor Billings
Nov. 2020: 1.0%
Global sales of semiconductors increased for the fifth consecutive month in November, totaling $39.4 billion. Australia
Foreign Trade
Nov. 2020:
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