| Today's Economy
Copper Crunch Adds to Supply-Chain Woes The red metal has become a casualty of the global energy crisis. LatAm Daily Briefing: Labor Market in Uruguay Hints at Recovery Recent positive numbers point to a nationwide upswing. Capital Market View: Pandemic Didn't Repeal Law of Demand But it is delaying the supply-side response to higher prices. Supply Chains Rattle German Construction Recent weakness in building activity points to broader issues. » VIEW MORE TODAY'S ECONOMY
Commentary
West Africa Outlook: Nigeria, Ghana Face Oil Sector Headwinds Energy market struggles have hampered otherwise solid recoveries. Australian Used-Vehicle Third-Quarter Price Report Price gains finally took a breather. Composition of U.S. Household Income Returning Toward Normal The path will be slow and bumpy. U.S. Chartbook: Tapering Gets a Timeline Energy prices drive inflation while Delta steers labor. » VIEW MORE COMMENTARY
Today's Economic Indicators
Austria
Consumer Price Index
Sep. 2021: 3.2% y/y
Austria’s inflation rate pushed slightly higher in September, although it stayed very close to 3.2% y/y after posting a similar figure in August. United Kingdom
Consumer Price Index
Sep. 2021: 3.1% y/y
The U.K.’s inflation rate decelerated to 3.1% y/y in September from 3.2% in the previous month. Euro Zone
Consumer Price Index
Sep. 2021: 3.4% y/y
Final estimates confirmed that euro zone inflation rose to 3.4% y/y in September from 3% in August. United States
MBA Mortgage Applications Survey
October 15: -6.3%
Mortgage applications plunged 6.3% in the week of October 15, following a mild increase the week before. Canada
Consumer Price Index
Sep. 2021: 4.4% y/y
Rising gasoline, food and housing prices are pushing inflation higher. United States
Moody's Analytics Inflation Expectations Pulse
October 17: 2.49%
The Moody’s Analytics Inflation Expectations Pulse changed little in the week ended October 17, as new data sent mixed signals. United States
Oil Inventories
October 15: 426.5 mil barrels
An unexpected decline in oil inventories should add some upward pressure on oil prices. United States
Beige Book
Oct. 2021:
The U.S. recovery advanced at a modest-to-moderate rate, according to Beige Book anecdotes collected from the Federal Reserve districts. » VIEW MORE ECONOMIC INDICATORS | 
