| Today's Economy
LatAm Daily Briefing: Chile’s Overexpansion Is Behind Inflation Policymakers find that well-intended actions can have unintended consequences. Capital Market View: Corporate Bond Market Not Sensing a Recession, Yet Spreads have widened but are nowhere near that seen before prior recessions. Europe Daily Briefing: Western Leaders Meet to Discuss Russia NATO, G-7 and EU summits will discuss aid to Ukraine and potential sanctions. Asia-Pacific Daily Briefing: Philippines' Central Bank Stands Pat BSP's top concern is keeping prices stable and anchoring inflation expectations. » VIEW MORE TODAY'S ECONOMY
Commentary
Pent-Up or Spent-Up: U.S. Consumer Spending Through the Pandemic If there are fewer goods and services that consumers feel a need to purchase, they may use available funds to deal with rising prices. Russia-Ukraine Tracker: One Month In Countries around the world are looking to pivot away from Russian energy. Germany Outlook: Labor Market in Focus Aging workers present long-term challenges for the country's economy. APAC Outlook: Navigating Increased Uncertainty After a strong start to the year, Russia trade sanctions add to near-term uncertainty. » VIEW MORE COMMENTARY
Today's Economic Indicators
Philippines
Monetary Policy
Mar. 2022: 2.0%
Bangko Sentral ng Pilipinas kept its overnight reverse repurchase facility unchanged at 2% as expected. Switzerland
Monetary Policy
Mar. 2022: -0.75
The Swiss National Bank maintained its policy rate at -0.75% at its March meeting. Norway
Monetary Policy
Mar. 2022: 0.75%
As expected, Norges Bank raised the sight deposit rate by 25 basis points to 0.75%. United States
Current Account
2021Q4: -$217.9 bil
The U.S. current account deficit narrowed modestly in the fourth quarter of 2021, coming in at $217.9 billion. United States
Jobless Claims
March 19: 187,000
U.S. initial claims for unemployment insurance unexpectedly dropped below 200,000 in the week ended March 19. United States
Durable Goods (Advance)
Feb. 2022: -2.2% m/m
What U.S. transportation orders giveth in January, it taketh in February. Mexico
Retail & Wholesale Sales
Jan. 2022: 6.7% y/y
Household consumption started the year with further annual and monthly gains. United States
St. Louis Fed Financial Stress Index
March 18: -1.03
Financial stress declined for the second straight week with the St. United States
Natural Gas Storage Report
March 18: -51 bil cubic feet
Last week’s draw in natural gas stocks was slightly smaller than analyst predictions, which will serve as a modest weight on high gas prices. United States
Kansas City Fed Manufacturing Survey
Mar. 2022: 37
Manufacturing activity in the Tenth District grew at a record pace in March. Mexico
Monetary Policy
Mar. 2022: 6.50%
The Central Bank of Mexico prescribed another rate hike in March as inflation remains high and well above target. » VIEW MORE ECONOMIC INDICATORS | 
