| Today's Economy
Economic Roundup: U.S. Housing Starts Still Impressive Past declines in mortgage rates and favorable weather are boosting construction. ‘Tis the Season for U.S. Tax Refunds Refunds are trickling in slowly, but the implications for consumer spending are minor. Parts of the U.S. Economy Feel the Warmth Unseasonably warm weather has helped some areas, but the boost to GDP will be small. Europe Daily Briefing: BoE Can Afford to Stand Pat in 2020 The bank will stay on the sidelines only if first-quarter results confirm a rebound in growth. » VIEW MORE TODAY'S ECONOMY
Commentary
Global Outlook: Slower for Longer The coronavirus outbreak will weigh on growth in the first half of 2020. U.S. Chartbook: Placid Prices Inflation remains muted, keeping the Federal Reserve on hold for the foreseeable future. COVID-19 Alternative Scenarios As the coronavirus spreads, the global economic damage is mounting. U.S. Macro Outlook: An Uneven Economy The economic toll of the coronavirus outbreak should give way to a midyear rebound. » VIEW MORE COMMENTARY
Today's Economic Indicators
World
Moody's Analytics Global CPI
Jan. 2020:
United Kingdom
Consumer Price Index
Jan. 2020: 1.8%
The U.K.’s CPI inflation soared to 1.8% y/y in January from 1.4% in December. United States
MBA Mortgage Applications Survey
February 14: -6.4%
Mortgage applications fell 6.4% during the week ended February 14. United States
Producer Price Index
Jan. 2020: 0.5%
The producer price index came in a little hot in January, but it doesn’t signal that domestic inflation pressures are changing significantly or alter our expectation that the Federal Reserve will keep interest rates unchanged this year. Canada
Consumer Price Index
Jan. 2020: 2.4%
Gasoline prices introduced some noise into January's inflation reading, but core price indicators remain steady. United States
New Residential Construction (C20)
Jan. 2020: 1.567 mil
The U.S. housing market continues to reap the benefits of past declines in mortgage rates and unseasonably warm winter weather. United States
Internet Sales (E-Commerce Sales)
2019Q4: $158.0 bil
Internet sales finished out 2019 without problems despite some global headwinds. United States
Quarterly Services Survey
2019Q4:
Data from the Quarterly Services Survey indicate that the U.S. service sector remains in good health. United States
Moody’s Analytics Policy Uncertainty Index
February 14:
China
Monetary Aggregates
Jan. 2020:
United States
FOMC Minutes
Jan. 2020:
The minutes from the last Federal Open Market Committee meeting didn’t deviate from the central bank’s recent mantra that monetary policy is in a good place, but there were several references to the possible drag on the U.S. economy from the coronavirus. Australia
Employment Situation
Jan. 2020:
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