| Today's Economy
Capital Market View: Fed Makes Yield Curve More Relevant The odds of a policy error are high and that will likely invert the yield curve. LatAm Daily Briefing: Chasing Inflation Paraguay's central bank can't get ahead of rising prices. Europe Daily Briefing: Euro Zone Confidence Slumps Following Russia’s invasion of Ukraine, the euro zone ESI fell in March. Lagging U.S. Tax Refunds Could Limit Payback in Retail Sales The potential for a March rebound in consumer spending is tempered by the pace of refunds. » VIEW MORE TODAY'S ECONOMY
Commentary
The European Energy Crisis The continent faces a pressing need to replace Russian natural gas with alternative sources of supply. U.S. Chartbook: Tight Labor Market May Further Force the Fed’s Hand There are glimmers of downside risk to inflation. U.S. Consumers Add Debt, but Burdens Stay Low Rising interest rates will increase burdens. The Humanitarian Crisis in Europe The Continent finds itself in a new geopolitical environment and the immediate challenge of sheltering the millions escaping Ukraine. » VIEW MORE COMMENTARY
Today's Economic Indicators
Thailand
Monetary Policy
Mar. 2022: 0.5%
The Bank of Thailand kept its benchmark interest rate unchanged at 0.5% at the March meeting. Sweden
Retail Sales
Feb. 2022: -0.1% m/m
Sweden’s retail sales, excluding motor fuel, inched down by 0.1% m/m in February, following January’s downwardly revised 3.7% rebound. Austria
Employment and the Labour Market
Feb. 2022: 7.3%
Austria's headline not seasonally adjusted unemployment rate fell from 8% to 7.3% in February. Euro Zone
Business and Consumer Sentiment
Mar. 2022: 108.5
The euro zone’s economic sentiment indicator plummeted in March, now standing at 108.5, down from 114 in February. Belgium
Consumer Price Index
Mar. 2022: 8.3% y/y
Consumer price growth in Belgium surged further in March, rising to 8.3% y/y from 8% y/y in February. United States
MBA Mortgage Applications Survey
March 25: -6.8%
Mortgage application volume contracted sharply in the week ended March 25. Chile
Employment
Feb. 2022: 7.5%
The national unemployment rate averaged 7.5% in the December-February rolling quarter, down from 10.3% a year earlier. United States
ADP National Employment Report
Mar. 2022: 455,000 m/m, ths
Employment gains keep piling up despite increased uncertainty clouding the outlook. United States
GDP
2021Q4: 6.9%, q/q, SAAR
U.S. United States
Industry GDP
2021Q4: 6.9 ppt, SAAR
The final estimate for U.S. Mexico
Employment Situation
Feb. 2022: 3.7% Unemployment
Mexico's unemployment rate remained stable in February after a seasonal increase at the start of the year. United States
Oil Inventories
March 25: 409.9 mil barrels
Last week’s decline in oil stocks exceeded analyst expectations, which should put upward pressure on prices. United States
Moody's Analytics Inflation Expectations Pulse
March 27: 2.33%
Inflation expectations crept higher in the week ended March 27, according to the Moody’s Analytics Inflation Expectations Pulse. Russian Federation
Retail Sales
Feb. 2022: 5.9% y/y
Seasonally adjusted Russian retail sales inched down by 0.1% m/m in February after plummeting by 23.4% previously. Russian Federation
Unemployment
Feb. 2022: 4.1%
Russia's unemployment rate hit a record low in February before the invasion of Ukraine: the jobless rate was down to 4.1% from 4.4% previously. South Korea
Industrial Production
Feb. 2022:
South Korea
Retail Sales
Feb. 2022:
Japan
Industrial Production
Feb. 2022:
China
Manufacturing PMI
Mar. 2022:
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