| Today's Economy
Economic Roundup: Claims Buck What Fed Wants The Fed wants the labor market to cool off but new filings suggest it is still hot. U.S. Consumers’ Inflation Expectations High but Falling Uncertainty remains correctly high. LatAm Daily Briefing: No Monetary Dilemma for Chile The focus is on stabilizing prices while dealing with high inflation and a slowing economy. Line in the Sand for U.S. Initial Claims New filings at 285,000 are consistent with no monthly job growth. » VIEW MORE TODAY'S ECONOMY
Commentary
Global Outlook: Global Economy on Edge Record-high inflation and a more aggressive monetary policy response dampen sentiment. Economic Fallout From Hurricane Fiona in Puerto Rico The island’s resiliency, at least in the economic statistics, masks the high human toll of hurricanes. Euro Zone Risk Matrix: Gas and Energy With the closure of the Nord Stream I pipeline, the region drifted closer to a ‘no-flow’ scenario. U.S. Holiday Sales Will Feel Weak Retail growth will mostly come from outside traditional segments. » VIEW MORE COMMENTARY
Today's Economic Indicators
Philippines
Monetary Policy
Sep. 2022: 4.25%
Bangko Sentral ng Pilipinas raised its overnight reverse repo rate by another 50 basis points to 4.25% as expected, bringing it to the pre-pandemic level. Switzerland
Monetary Policy
Sep. 2022: 0.5
The Swiss National Bank hiked its sight deposit rate by 75 basis points at its September monetary policy meeting. Indonesia
Monetary Policy
Sep. 2022: 4.25%
Bank Indonesia raised the seven-day reverse repo rate by 50 basis points to 4.25%. Norway
Monetary Policy
Sep. 2022: 2.25%
The Norges Bank raised its key policy rate by 50 basis points to 2.25% and signaled a possible additional hike in November. Hong Kong SAR (China)
Consumer Price Index
Aug. 2022: 1.9% y/y
Hong Kong’s headline Composite Consumer Price Index rose by 1.9% over the year in August, unchanged from July. Norway
Unemployment rate
Jul. 2022: 3.1%
Norway’s unemployment rate ended the three-month May to July period at 3.1%. Canada
New Housing Price Index
Aug. 2022: 6.9% y/y
The new-house price index was up 6.9% from a year earlier in August after July's 7.5% increase. United States
Current Account
2022Q2: -$251.1 bil
The U.S. current account deficit narrowed from a revised $282.5 billion (previously $291.4 billion) to $251.1 billion in the second quarter. United States
Jobless Claims
September 17: 213,000
U.S. initial claims for unemployment insurance benefits increased from a revised 208,000 (previously 213,000) to 213,000 in the week ended September 17. United Kingdom
Monetary Policy and Minutes
Sep. 2022: 2.25%
At the September meeting, the Bank of England raised the policy rate by 50 basis points to 2.25%. United States
St. Louis Fed Financial Stress Index
September 16: -1.91
U.S. financial conditions improved last week with the St. United States
Conference Board Leading Indicators
Aug. 2022: -0.3%
Reflecting the rather downbeat sentiment of the current state of the U.S. economy, the Conference Board Leading Economic Index fell for its sixth consecutive month. United States
Natural Gas Storage Report
September 16: 103 bil cubic feet
Last week’s report surpassed analyst expectations of a large build, which should put some downward pressure on gas prices. United States
Kansas City Fed Manufacturing Survey
Sep. 2022: 1
Factory activity decelerated further in September, according to the Kansas City Fed’s Manufacturing Activity Survey. » VIEW MORE ECONOMIC INDICATORS | 
