| Today's Economy
Economic Roundup: Faith in FAIT The Fed sees a stronger economy, higher inflation and lower unemployment but no hikes soon. LatAm Daily Briefing: Uruguay's Central Bank Steps In The country has been grappling with a rapid depreciation of the peso. Winter Storms Cut Deeper Into First-Quarter Growth U.S. GDP is now tracking 6.1% at an annualized rate. Europe Daily Briefing: Inflation Held Steady in February Lockdowns have kept a tight lid on car registrations across Europe. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Credit Outlook: Almost There Total balance growth will slow this year relative to a strong 2020, but the distribution of gains will be more evenly spread across products. 2021 Inflation Won’t Stick A post-lockdown spending spree in the euro zone will not last. U.S. COVID-19 Tracker Update: Beyond February Setbacks The drops in retail sales and industrial production are temporary setbacks and don't alter our forecast for GDP growth this year. Germany Outlook: Optimism Rises Despite Uncertainty Despite a likely contraction in the first quarter, firms are hopeful for a post-lockdown rebound. » VIEW MORE COMMENTARY
Today's Economic Indicators
Euro Zone
Consumer Price Index
Feb. 2021: 0.9%
The euro zone harmonized index of consumer prices rose by 0.9% y/y in February, the same as in January. Austria
Consumer Price Index
Feb. 2021: 1.2%
Inflation is beginning to accelerate again after briefly slowing in January. United States
MBA Mortgage Applications Survey
March 12: -2.2%
Mortgage applications fell by 2.2% in the week of March 12, after decreasing by 1.3%. United States
Moody’s Analytics Policy Uncertainty Index
March 12: 375.0
The four-week moving average in our U.S. policy uncertainty index fell from 378 to 375 in the week ended March 12. United States
New Residential Construction (C20)
Feb. 2021: 1.421 mil, SAAR
Mother Nature delivered a temporary blow to the U.S. housing market as starts dropped 10.3% to 1.421 million annualized units in February. Canada
Consumer Price Index
Feb. 2021: 1.1%
The consumer price index rose at a faster pace in February, increasing by 1.1% in year-ago terms, compared with 1% in the previous month. United States
Oil Inventories
March 12: 500.8 mil barrels
Last week’s rise in oil inventories closely matched consensus expectations, so this report will have only a minimal effect on prices. United States
FOMC Monetary Policy
Mar. 2021: 0% to 0.25%
The Federal Reserve sent a strong message that its new flexible average inflation targeting framework differs from its old approach. Brazil
Monetary Policy
Mar. 2021:
New Zealand
GDP
2020Q4:
Australia
Employment Situation
Feb. 2021:
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