| Today's Economy
Economic Roundup: Recession Averted, For Now The increase in third-quarter GDP quashes any fears that the economy is in recession. LatAm Daily Briefing: The Cost of Disinflation in Chile Lower inflation will lead to an economic contraction. Europe Daily Briefing: ECB Hikes Interest Rates As expected, the ECB raised policy rates by 75 basis points. Unbanked Rate Declines, Aided by Fiscal Stimulus A third of U.S. households that were newly banked last year opened an account to facilitate receipt of government payments—stimulus checks or unemployment benefits. » VIEW MORE TODAY'S ECONOMY
Commentary
France Outlook: Gearing Up for Gloom Inflation and rising interest rates coupled with a weaker services sector will hit GDP this winter. What Is the Cost of Carbon Prices in Europe? We can't blame climate policy for the surge in inflation. Australian Budget: Better Bottom Line, But Big Problems Emerging Temporary windfalls hide looming challenges. Euro Zone Inflation Tracker: Reaching the Top Energy prices accelerated in September to remain the single largest contributor to the headline HICP rate. » VIEW MORE COMMENTARY
Today's Economic Indicators
Denmark
Retail Sales
Sep. 2022: -0.4% m/m
Retail sales in Denmark fell by 0.4% m/m in September from August. Spain
Unemployment
2022Q3: 12.7%
Spain’s unemployment rate slightly rose to 12.7% in the third quarter from 12.5% in the previous quarter. Norway
Unemployment rate
Aug. 2022: 3.2%
Norway’s unemployment rate measured 3.2% in August, edging upwards from 3.1% in July. Mexico
Employment Situation
Sep. 2022: 3.3% Unemployment
The unemployment rate decreased in September as activity advanced further. Mexico
Trade Balance
Sep. 2022: -US$895.4 mil
Mexico's trade balance remained in negative territory in September, thus swelling the accumulated deficit. Euro Zone
Monetary Policy
Oct. 2022: 2%
As widely expected, the European Central Bank increased its three policy rates by 75 basis points during its October meeting. Brazil
Employment Situation
Sep. 2022: 8.7%
Brazil's unemployment rate declined in September as jobs were created. Canada
Earnings, Hours and Employment
Aug. 2022: 3.2% y/y
More confirmation of the labor market's slowdown is appearing. United States
Jobless Claims
October 22: 217,000
U.S. initial claims for unemployment insurance remain historically low. United States
Durable Goods (Advance)
Sep. 2022: 0.4% m/m
U.S. durable-goods orders rose less than we anticipated in September and the details showed some signs of weakening. United States
GDP
2022Q3: 2.6%, q/q, SAAR
U.S. United States
St. Louis Fed Financial Stress Index
October 21: -1.88
As equity markets rallied, financial market stress decreased for the third consecutive week. United States
Natural Gas Storage Report
October 21: 52 bil cubic feet
Last week’s build in natural gas inventories fell short of analyst expectations, so this report could put some upward pressure on gas prices. United States
Kansas City Fed Manufacturing Survey
Oct. 2022: -7
Factory activity declined in October, according to the Kansas City Fed’s Manufacturing Activity Survey. Japan
Employment Situation
Sep. 2022:
Japan
Monetary Policy
Oct. 2022:
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