Today's Economy Economic Roundup: How the U.S. Baseline Forecast Changed Between October and November There were notable changes to global oil prices and U.S. house prices. LatAm Daily Briefing: Paraguay Takes a Breath The central bank is caught between inflation and stagflation. Europe Daily Briefing: ECB Pushes Back on Dovish Rumors Recent statements by bank leaders confirm a hawkish policy stance. Asia-Pacific Daily Briefing: China's Subdued Inflation The country's CPI and PPI for October shocked on the downside. » VIEW MORE TODAY'S ECONOMY
Commentary The Ghost of Fiscal Past: A Difficult Journey This is the first in a three-part series on European fiscal rules from inception to the next round of reform. Macroeconomic Implications of the Midterm Elections If the U.S. economy enters a recession next year, don’t expect a divided government to provide economic support. Preview of the 2022 U.S. Midterm Elections Republicans are poised to sweep both the House and Senate on Election Day. U.S. Chartbook: A Big Week After another jumbo rate hike by the Federal Reserve, the central bank's chairman set new parameters for the path forward. » VIEW MORE COMMENTARY
Today's Economic Indicators
Sweden Industrial Production Sep. 2022: 1.5% m/m Sweden’s industrial production partially recovered by 1.5% month over month in September following August’s 6.8% contraction. Ireland Industrial Production Sep. 2022: 11.9% m/m Irish industrial production grew strongly by 11.9% month over month even after stronger growth of 19.6% in August. Portugal Unemployment rate 2022Q3: 5.8% Portugal’s headline unemployment rate increased for the first time this year, reaching 5.8%, up 0.1 percentage point from the previous quarter. Mexico Consumer Price Index Oct. 2022: 8.4% y/y Mexico's annual inflation declined in October as some prices such as fuel moderated. United States MBA Mortgage Applications Survey November 04: -0.1% Mortgage activity continues to crater in response to rising mortgage rates. Brazil Retail Sales Index Sep. 2022: 3.2% y/y Household consumption posted another annual gain in September as election spending accelerated. United States Wholesale Trade (MWTR) Sep. 2022: 0.6% m/m Wholesale inventories expanded 0.6% from August to September. United States Oil Inventories November 04: 440.8 mil barrels An unexpected increase in crude oil stocks could push down on oil prices. Russian Federation Consumer Price Index Oct. 2022: 12.6% y/y Conservative consumer behaviour, the expansion of food supply, a further pass-through of a stronger ruble to prices, and lower export prices contributed to the slowdown in the annual inflation rate to 12.6% y/y in October from 13.7% previously. Philippines GDP 2022Q3: » VIEW MORE ECONOMIC INDICATORS |