| Today's Economy
Capital Markets View: What's Ahead for High-Yield Corporate Bond Issuance? 2022 will be a solid year but won't be able to match this year. U.S. and Allies Announce Oil Release The government boost to supply does little to alter the contours of our forecast. Europe Daily Briefing: November PMIs Beat Expectations Supply-side issues and COVID-19 infections add deep uncertainty to the outlook. Asia-Pacific Daily Briefing: Singapore's Inflation Gathers Steam The case builds for an increase in interest rates in April. » VIEW MORE TODAY'S ECONOMY
Commentary
Global Vaccine Tracker: Troubling Rise in European Infections The seven-day moving average of COVID-19 cases in the U.S. also has resumed rising. LatAm Macro Roundup: Election Season Political turmoil threatens to take a toll on growth. 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. » VIEW MORE COMMENTARY
Today's Economic Indicators
Singapore
Consumer Price Index
Oct. 2021: 3.2% y/y
Singapore’s headline inflation soared to 3.2% y/y in October, far above our forecast of 2.5%. Finland
Unemployment rate
Oct. 2021: 6% y/y
Finland’s not seasonally adjusted unemployment rate dropped to 6% in October from 7.4% a year earlier. Taiwan (China)
Industrial Production
Oct. 2021: 11.3%
Taiwan’s industrial production grew 11.3% year on year in October after a 12.2% gain in September. Mexico
Retail & Wholesale Sales
Sep. 2021: 5.9% y/y
Consumers in Mexico are feeling awful weary, with retail sales increasing a ho-hum 0.2% in September on a seasonally adjusted basis. United States
Philadelphia Fed Nonmanufacturing Survey
Nov. 2021: 47
Things are going quite well for service industries in the Federal Reserve’s Third District. United States
Richmond Fed Manufacturing Survey
Nov. 2021: 11
Factory activity in the Richmond Federal Reserve District increased in November. United States
Moody’s Analytics Policy Uncertainty Index
November 19: 354 4-wk MA
The four-week moving average in our U.S. Argentina
Economic Activity Indicator
Sep. 2021: 11.6% y/y
The statistics office’s monthly economic activity index increased 11.6% y/y in September after 12.8% in the previous month. » VIEW MORE ECONOMIC INDICATORS | 
