Today's Economy Economic Roundup: Interest Rate Hikes Far From Over in U.S. No doubt remains about the Federal Reserve’s resolve to reduce inflation. LatAm Daily Briefing: Solid Remittances, Exports Central America and the Caribbean continue to grow thanks to U.S. economy. Europe Daily Briefing: U.K. Economy Contracts in August U.K. GDP declined by 0.3% m/m in August Capital Market View: What to Expect from September U.S. CPI Our inflation forecast is below the consensus, but that won't change things for the Fed. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Weekly Highlights and Preview, October 10, 2022 Output cuts announced by OPEC+ come as the U.S. economy is vulnerable and financial market conditions have tightened. U.S. Chartbook: Foot Firmly on the Brakes Don’t expect the Fed to pivot anytime soon based on the latest job-market data. Pakistan Risk Spotlight The IMF will allow the Pakistani government to draw US$1.1 billion to temporarily buoy the distressed economy. U.S. Jobs Report Cont'd: Fed Wants a Faster Slowdown The 263,000 addition to employment rolls in September marked a modest deceleration from August. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia Industrial Production Aug. 2022: 13.6% y/y Malaysia’s industrial production was up 13.6% y/y in August, defying an expected slowdown from July’s 12.5% increase. United Kingdom Monthly GDP Aug. 2022: -0.3% m/m U.K. Euro Zone Industrial Production Aug. 2022: 1.5% m/m The euro zone’s industrial production increased by 1.5% m/m in August, partly recovering from a 2.3% contraction in July. Mexico Industrial Production Aug. 2022: 3.9% y/y Mexico’s industry advanced in August in annual terms. United States MBA Mortgage Applications Survey October 07: -2.0% The U.S. housing market is struggling and demand is taking a big hit from a deterioration in affordability. India Consumer Price Index Sep. 2022: 7.4% y/y In September, India’s CPI inflation rate climbed to 7.41% y/y, compared with 7% in August. India Industrial Production Aug. 2022: -0.8% y/y United States Producer Price Index Sep. 2022: 0.4% m/m September’s Producer Price Index came in hotter than expected. Canada RPS House Price Index Sep. 2022: Uruguay Industrial Production Aug. 2022: 9.3% y/y Uruguay’s industrial production recorded a higher-than-expected 9.3 y/y gain in August following a 1% y/y decline in July. United States FOMC Minutes Sep. 2022: The minutes from the September meeting of the Federal Open Market Committee showed the central bank is committed to returning inflation to the Fed's 2% target, and that could come at the expense of the broader economy. Chile Monetary Policy Oct. 2022: » VIEW MORE ECONOMIC INDICATORS |