| Today's Economy
Capital Market View: U.S. Corporate Bond Market Hangin' Tough China's corporate debt is a risk, but it doesn't warrant a change to the forecast yet. LatAm Daily Briefing: China Debt Worries Pose Risk to LatAm Default would send negative shockwaves throughout the region. Europe Daily Briefing: Riksbank Leaves Rates Unchanged Sweden’s central bank left its one-week repo rate at 0%. Asia-Pacific Daily Briefing: Bank Indonesia Stands Pat The central bank has signalled that there will be a probable rate hike at the end of 2022. » VIEW MORE TODAY'S ECONOMY
Commentary
Playing a Dangerous Game With the Debt Limit A U.S. default would be a catastrophic blow to the nascent economic recovery from the COVID-19 pandemic. Entrepreneurship in the U.S.: Innovation out West The Moody’s Analytics Broad Based Startup Rate investigates the potential driver of business creation. Global Vaccine Tracker: Six Billion Doses The pandemic is being contained in the developed world but still raging in much of the emerging world. Why Bank of Japan Is Not Out of Options The central bank will likely stay lower for longer. » VIEW MORE COMMENTARY
Today's Economic Indicators
Finland
Unemployment rate
Aug. 2021: 6.5%
Finland’s not seasonally adjusted unemployment rate dropped again to 6.5% in August from 7.8% a year earlier. Sweden
Monetary Policy
Sep. 2021: 0.0%
The Riksbank’s one-week repurchase rate was unchanged at 0% at its monetary policy meeting. Sweden
Unemployment rate
Aug. 2021: 8.8%
Sweden’s unemployment rate increased to 8.8% in August from 8.4% in July. United States
Current Account
2021Q2: -$190.3 bil
The U.S. current account deficit widened a little more than we expected in the second quarter and there was a noticeable revision to the deficit in the first three months of the year. United States
Philadelphia Fed Nonmanufacturing Survey
Sep. 2021: 21.9
September’s nonmanufacturing survey from the Philly Fed indicates that economic activity in the Third District cooled this month, though it is still expanding. United States
New Residential Construction (C20)
Aug. 2021: 1.615 mil, SAAR
U.S. housing starts unexpectedly increased in August and revisions to July were positive. Canada
New Housing Price Index
Aug. 2021: 12.2% y/y
New-home prices rose by 12.2% in year-ago terms in August. Argentina
GDP
2021Q2: 17.9% y/y
The Argentine economy expanded 17.9% y/y in the second quarter after growing 2.9% y/y in the previous quarter. Japan
Monetary Policy
Sep. 2021:
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