Today's Economy Economic Roundup: U.S. Existing-Home Sales Improve, but Keep an Eye on Claims Initial claims have risen recently, but they are not raising a red flag yet. Déjà Vu All Over Again in Washington DC Congress punted on the budget, setting up a potential Christmas shutdown once again. LatAm Daily Briefing: Course Change for Argentina's Central Bank The president-elect has confirmed his choice for a new bank chief. Reading the Tea Leaves in U.S. Initial Claims Even without the UAW boost, November job growth would be sufficient. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Housing Outlook: A Sustainable Climb Reduced financing costs have helped first-time homebuyers and new-home buyers the most. 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. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States Jobless Claims November 16: 227,000 Jobless claims are stuck at an elevated level compared with prior weeks, but we caution against reading too much into this, as claims are still historically low. Canada ADP Canada National Employment Report Oct. 2019: -22,619 Employment in Canada decreased by 22,600 jobs in October, according to recent estimates provided by the ADP Canada National Employment Report. United States Philadelphia Fed Survey Nov. 2019: 10.4 The Philadelphia Fed’s manufacturing outlook survey sent mixed signals. United States Existing-Home Sales Oct. 2019: 5.46 mil Existing-home sales increased in October and are now closer to their peak from earlier this year. United States St. Louis Fed Financial Stress Index November 15: -1.32 Financial stress declined in the week ended November 15 as markets reached a record high. United States Conference Board Leading Indicators Oct. 2019: -0.1% Leading economic indicators suggest that growth will weaken further. United States Natural Gas Storage Report November 15: -94 bil cubic feet The decline in natural gas inventories was greater than analysts expected, which will apply some upward pressure on prices. Japan Consumer Price Index Oct. 2019: » VIEW MORE ECONOMIC INDICATORS |