| Today's Economy
Economic Roundup: U.S. Core Inflation Is Tame, for Now If the $1.9 trillion stimulus doesn't lead to sustained 2% inflation, the package wasn't big enough. U.S. Small Businesses' Pessimism Isn't Concerning The party that controls the White House influences small businesses' economic outlook. LatAm Daily Briefing: Roots of Mexico's Inflation Given the absence of active and significant fiscal support, the central bank has been easing monetary conditions since the start of the virus outbreak. Europe Daily Briefing: French Manufacturing Surprises to the Upside We expect the ECB to stand pat at its meeting Thursday. » VIEW MORE TODAY'S ECONOMY
Commentary
Biden Fiscal Policy Flexes Its Muscles The American Rescue Plan is mostly centered on direct relief to individuals and state and local government aid. Semiconductor Chip Shortage Turning a Corner for Autos Chip bottleneck is not likely to hurt year-long U.S. new-vehicle sales but is boosting used prices. Will U.S. House Prices Keep Soaring Post-Pandemic? The FHFA house price index registered the largest annual price increase in its history. Global Vaccine Tracker Update: A Race for Some, a Marathon for Others Public health officials worldwide face massive logistical challenges. » VIEW MORE COMMENTARY
Today's Economic Indicators
Canada
RPS House Price Index
Feb. 2021:
Finland
Industrial Production
Jan. 2021: 1.0%
Finland’s industrial production rose by 1% m/m in January after an upwardly revised 0.7% decrease in December. Norway
Consumer Price Index
Feb. 2021: 3.3
Norway's consumer price index surged in February, printing at 3.3% y/y and 0.7% m/m, the highest reading since December 2018 and beating market expectations. France
Industrial Production
Jan. 2021: 3.3%
France’s headline industrial production started the year right, rebounding by 3.3% in January after a 0.7% drop in December. Portugal
Consumer Price Index
Feb. 2021: 0.5%
Portuguese prices rose by 0.5% y/y in February after increasing by 0.3% in the previous month. United States
MBA Mortgage Applications Survey
March 05: -1.3%
Mortgage applications fell by 1.3% in the week of March 5, after increasing, by 0.5%, for the first time in three weeks. United States
Consumer Price Index
Feb. 2021: 0.4% m/m
Inflation is garnering a lot of attention because it is poised to accelerate noticeably over the next few months. Netherlands
Industrial Production
Jan. 2021: 0.6% y/y
After 12 consecutive declines, industrial production in the Netherlands reversed course in January, rising 0.6% from a year earlier. United States
Moody’s Analytics Policy Uncertainty Index
March 05: 378.0
The four-week moving average in our U.S. policy uncertainty index fell from 384.8 to 378 in the week ended March 5. Canada
Monetary Policy
Mar. 2021: 0.25%
The Bank of Canada made no change to its monetary policy stance, in line with previous forward guidance. United States
Oil Inventories
March 05: 498.4 mil barrels
A second consecutive humongous rise in oil inventories will hurt prices. United States
Treasury Budget
Feb. 2021: -$310.9 bil
The end-of-year $900 billion Response and Relief Act continues to pump up the federal budget deficit. China
Monetary Aggregates
Feb. 2021:
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