Today's Economy LatAm Daily Briefing: Argentine Peso’s Slide Accelerates The government scrambles to avoid a currency crisis before crucial midterm elections. Capital Markets View: Bond Market Antsy, Stock Market Cool as a Cucumber If the taper tantrum is any guide, bond market volatility could rise while the VIX barely budges. Europe Daily Briefing: Swiss Inflation Gradually Picks Up Headline inflation in Switzerland breached 1% y/y in October. Asia-Pacific Daily Briefing: RBA Surprises With Action The RBA removed its yield curve control and brought forward the likely timing of rate hikes. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Inflation Tracker: The September Shift Global supply chains remain under immense pressure, posing material inflation risks. U.S. Weekly Highlights and Preview, November 1, 2021 One reason that labor supply constraints should be less binding is that wage growth is accelerating. This Week in the COVID-19 Recovery We remain steadfast in our forecast that the U.S. economy will return to full employment by spring 2023. U.S. Chartbook: Pay Bumps, Growth Slumps In the third quarter, consumer spending contributed only 1.1 percentage points to growth, down from 7.9 percentage points in the prior quarter. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States Moody's CMBS Delinquency Tracker Sep. 2021: 6.03% The Moody’s Delinquency Tracker total delinquency rate declined 19 basis points to 6.03% in September. Switzerland Consumer Price Index Oct. 2021: 1.2% Swiss inflation accelerated in October, reaching 1.2% y/y compared with 0.9% the previous month. Switzerland Retail Sales Sep. 2021: 2.5% y/y Growth in Swiss retail sales cooled in September, increasing by just 0.1% m/m compared with 1.4% m/m in August. Austria Employment and the Labour Market Sep. 2021: 6.5% Austria’s unemployment rate stood at 6.5% in September, improving from 6.9% in August. Hong Kong SAR (China) Retail Sales Sep. 2021: 7.3% y/y Retail sales values in Hong Kong rose 7.3% y/y in September to HK$28 billion, after rising by 11.9% in August, due to a strengthening labour market and support from additional tranches of the government digital consumption voucher scheme. Chile Monthly Economic Activity Indicator Sep. 2021: 15.6% y/y Chile’s economic recovery advanced in September as the domestic market strengthened. Canada Building Permits Sep. 2021: 4.3% m/m Going against the recent cooling trend in the Canadian housing market, building permitting activity picked back up in September. United States Moody's Analytics Used Vehicle Price Indexes Oct. 2021: 45.2% Used-vehicle prices increased faster during October. United States CreditForecast.com Household Credit Report Oct. 2021: 7.27% y/y The consumer credit market continued its strong growth in October, increasing its total outstanding balance by $101 billion to $14.9 trillion, a 0.68% monthly increase and 7.27% year-over-year growth. United States Housing Vacancies & Homeownership 2021Q3: 65.4% The homeownership rate remained unchanged at 65.4% in the third quarter of 2021. United States Moody’s Analytics Policy Uncertainty Index October 29: 352.3 4-wk MA The four-week moving average in our U.S. United States Semiconductor Billings Sep. 2021: 2.2% Global semiconductor sales totaled a fresh-record high of $48.3 billion in September. » VIEW MORE ECONOMIC INDICATORS |