| Today's Economy
Economic Roundup: Talking Really Isn't Easier Than Writing FOMC minutes reiterate what Powell's message was meant to convey in December. Europe Daily Briefing: Euro Zone Labour Report Cures the Blues Unemployment held steady or fell in all euro zone countries in November. U.S. Economic Data Affected by Partial Government Shutdown for 1/9/19 No new delays on this day. Asia-Pacific Daily Briefing: South Korea's Chilly Labour Market The steady unemployment rate in December masks important details. » VIEW MORE TODAY'S ECONOMY
Commentary
Another Look at Direct and Spillover Costs of the Shutdown Neither U.S. policy uncertainty nor partisan conflict appear to pose a significant issue. Venezuela Outlook: Recession Enters a Sixth Year Hyperinflation shows no sign of abating. U.S. Chartbook: A Cure for the Shutdown Blues A stellar jobs report delivers some soothing data to rattled financial markets. U.S. Weekly Highlights and Preview, January 4, 2019 Expect a growing divergence between the survey and hard data. » VIEW MORE COMMENTARY
Today's Economic Indicators
Italy
Unemployment
Nov. 2018: 10.5%
Italy’s unemployment rate dropped 0.1 percentage point to 10.5% in November. Euro Zone
Unemployment
Nov. 2018: 7.9%
The euro zone’s jobless rate in November fell to 7.9% from a downwardly revised 8% in October, hitting its lowest point since January 2009. United States
MBA Mortgage Applications Survey
January 04: 23.5%
Mortgage applications rose sharply with the start of the new year. For the week ending January 4, the four-week moving average for purchase applications fell by 3.2% due to the base effects of the previous three weeks, but the four-week moving average for refinancing applications moved up 3.3%. Canada
Housing Starts
Dec. 2018: 213 ths
New residential construction took a step back in December. Mexico
Consumer Price Index
Dec. 2018: 4.83%
Annual inflation ended the year well above the target’s upper limit, with prices under pressure. United States
Tech Pulse
Dec. 2018:
Canada
Monetary Policy
Jan. 2019: 1.75%
The Bank of Canada adopted a more cautious tone in its first announcement of 2019, leaving its target for the overnight rate unchanged. United States
Oil Inventories
January 04: 439.7 mil barrels
Oil inventories declined by slightly more than analysts were expecting, which will put minimal upward pressure on oil prices. China
Monetary Aggregates
Dec. 2018:
China
Foreign Trade
Dec. 2018:
United States
FOMC Minutes
Dec. 2018:
The minutes from the last Federal Open Market Committee meeting are further evidence that the message the central bank was trying to convey in December was different than what financial markets heard during Chair Jerome Powell’s presser following the meeting. China
Consumer Price Index
Dec. 2018:
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