Today's Economy Capital Market View: Goods Disinflation Is Here But services inflation is sticky and is accelerating. LatAm Daily Briefing: The Job Market Puzzle A quick, surprising reversal in labor growth clouds the regional outlook. Inside Economics Podcast: Episode 80—Hot CPI and a Long-Shot Outlook Housing affordability is becoming a larger and larger issue for households and household formation. Europe Daily Briefing: U.K. Policy Reversal New Chancellor reverses measures in the previous mini-budget. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Weekly Highlights and Preview, October 17, 2022 Our baseline forecast is still for the Fed to engineer a soft landing and the economy to skirt a recession. U.S. Wholesale Used-Vehicle Prices Slide Again September marked the seventh consecutive monthly decline. U.S. Chartbook: Run, Inflation, Run! A hot CPI report quells notions that the Fed will soon slow interest rate hikes. Latin America Weekly Highlights and Preview, October 14, 2022 The Central Bank of Chile tightened monetary conditions this month as inflation remains in the double digits. » VIEW MORE COMMENTARY
Today's Economic Indicators
Indonesia Foreign Trade Sep. 2022: US$4.99 bil Indonesia’s foreign trade surplus came in at $5 billion in September, down from the $5.8 billion recorded in August and slightly below our expectation of $5.3 billion. Italy Consumer Price Index Sep. 2022: 8.9% y/y Italian consumer price inflation rose to 8.9% year over year in September from 8.4% previously, confirming preliminary estimates. Canada New Motor Vehicle Sales Aug. 2022: -6.9% y/y After July's reading interrupted three consecutive monthly increases, new-vehicle sales increased again, albeit only marginally from August. United States NY Empire State Manufacturing Survey Oct. 2022: -9.1 October's Empire State Survey aligned with expectations, with manufacturers indicating a third consecutive decline, though the latest is closer to September's more restrained reading than August's large drop. India Foreign Trade Sep. 2022: -US$25.7 bil India’s merchandise trade deficit decreased in September, falling to $25.7 billion from $28 billion in the previous month. World Moody's Analytics Survey of Business Confidence October 14: 3.7 Global businesses remain on edge, with positive responses to the business survey about equal to negative ones. United States Cox Automotive/Moody’s Analytics Vehicle Affordability Index Sep. 2022: 42.18 weeks, NSA In September, new-vehicle affordability declined again. New Zealand Consumer Price Index 2022Q3: China Fixed-Asset Investment Sep. 2022: China GDP 2022Q3: China Industrial Production Sep. 2022: China Retail Sales Sep. 2022: » VIEW MORE ECONOMIC INDICATORS |