| Today's Economy
Credit Markets Remain Sanguine About the Business Outlook The high-yield default rate is not a trustworthy leading indicator of a recession. Economic Roundup: Fed's Deal With the Economy If it holds up and inflation remains in check, the Fed will sit tight. Where Brokerage Fee Cuts Will and Won't Impact U.S. Inflation Drop in trading commissions hurt the PPI but not the CPI. LatAm Daily Briefing: Missing a Low Bar Mexico's formal employment figures show the job market entering a deep freeze. » VIEW MORE TODAY'S ECONOMY
Commentary
Federal Welfare Spending and the Next Recession The biggest risk is that lawmakers might fail to deliver enough stimulus. U.S. Chartbook: That’s Going to Leave a Mark New data cut into our estimate of fourth-quarter GDP growth. U.S. Weekly Highlights and Preview: November 18, 2019 Housing reports highlight an otherwise light week. U.S. Macro Outlook: Economy Throttles Back Consumers are the firewall as the tax cut boost has faded and the trade war takes a toll. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
MBA Mortgage Applications Survey
November 15: -2.2%
Mortgage applications dipped 2.2% over the week of November 15, with the refinance index moving down while the purchase index moved up. Canada
Consumer Price Index
Oct. 2019: 1.9%
Inflation remained steady in October, reined in by depressed energy prices. Russian Federation
Unemployment
Oct. 2019: 4.6%
The jobless rate in Russia rose to 4.6% in October due to an increase in the number of unemployed job seekers. Russian Federation
Retail Sales
Oct. 2019: 1.6%
Retail trade made strong progress in October. United States
Moody’s Analytics Policy Uncertainty Index
November 15: 143.7
The four-week moving average in our U.S. policy uncertainty index fell from 148.9 to 143.7 in the week ended November 15. United States
Oil Inventories
November 15: 450.4 mil barrels
A smaller than expected increase in commercial crude oil inventories will support prices. United States
FOMC Minutes
Oct. 2019:
The minutes from the October Federal Open Market Committee meeting showed that the central bank is in a wait-and-see mode, and unless there are signs that the economy or inflation are deviating from their forecasts, rates will remain unchanged for some time. » VIEW MORE ECONOMIC INDICATORS | 
