Today's Economy LatAm Daily Briefing: Job Insecurity Employment continues to track below pre-pandemic heights in Mexico and Brazil. Capital Markets View: Welcome SOFR We have started forecasting a SOFR swap curve. Watch Out for U.S. Shelter CPI as Transitory Inflation Eases Risks are stacked to the upside for this cost, but implications for the Fed aren’t overly significant. Inside Economics Podcast: Episode 33—Confidence, Consumers and Cowbells One way or another, the Fed will chase down inflation. » VIEW MORE TODAY'S ECONOMY
Commentary APAC Outlook: Putting COVID-19 Behind Easing social distancing restrictions will allow domestic economies to accelerate U.S. Weekly Highlights and Preview, November 22, 2021 Revisions to Q3 GDP will mark the busy holiday-shortened week. U.S. Chartbook: Not Out of the Woods Industrial production bounced back, but supply-chain risks still loom large. Germany Outlook: Saying "Prost!" to the Labor Market There's reason to cheer new employment data despite looming near- and long-term risks. » VIEW MORE COMMENTARY
Today's Economic Indicators
Peru GDP 2021Q3: 11.4% y/y Peru's economy held its ground in the third quarter and then some, bouncing back from July's political crisis to later top its pre-pandemic peak. Hong Kong SAR (China) Consumer Price Index Oct. 2021: 1.7% y/y Hong Kong’s headline Composite Consumer Price Index rose by 1.7% over the year in October, compared with a 1.4% increase in September. United States Chicago Fed National Activity Index Oct. 2021: 0.76 The Chicago Fed National Activity Index jumped to 0.76 in October, up from a downwardly revised -0.18 in September. World Moody's Analytics Survey of Business Confidence November 19: 8.2 Global business sentiment has turned softer in the past several weeks, particularly in Europe, as the pandemic continues to weigh on confidence and the global economic recovery. United States Existing-Home Sales Oct. 2021: 6.34 mil, SAAR Existing-home sales inched up 0.8% in October to 6.34 million units annualized. South Korea Consumer Sentiment Index Nov. 2021: » VIEW MORE ECONOMIC INDICATORS |