Today's Economy Economic Roundup: Fed and Phillips Curve Remain Best Buds The central bank look for the tight labor market to boost inflation. Q2 U.S. GDP Still Holding Strong Retail sales disappointed, but the drop in the CPI helps real spending. About That U.S. Inflation... One month of cooling can be a fluke, but a trend is taking shape. Expectations for Canadian Q2 GDP Soften The high-frequency model projects a more subdued second quarter performance of 1.6%. » VIEW MORE TODAY'S ECONOMY
Commentary Raising the Fed's Inflation Target: Benefits and Costs There are good reasons to do it, but we don't anticipate a change soon. LatAm’s Capital Flows Remain Positive An increase in debt issuance has partially offset a decline in FDI. U.S. Macro Outlook: The Eerie Calm The expansion could become the longest in our economic history, but watch out for volatility. U.S. Chartbook: The Vacancies Predicament Firms are facing increasing difficulties finding workers, but the economy cruises along for now. » VIEW MORE COMMENTARY
Today's Economic Indicators
World Moody's Analytics Global CPI May. 2017: 0.2% Inflation in developed economies has taken a step back recently, but some of the weakness should be transitory. United Kingdom Manpower Employment Outlook Survey 2017Q3: 20% Global hiring intentions are set to remain positive but fairly steady in the third quarter. United States Manpower Employment Outlook Survey 2017Q3: 20% Global hiring intentions are set to remain positive but fairly steady in the third quarter. Germany Consumer Price Index May. 2017: 1.6% Germany's annual national measure of inflation decelerated to 1.6% in May, seasonally adjusted, from 2.1% in April. India Wholesale Price Index May. 2017: 2.2% India's disinflation has been sharp midway through the June quarter, as both wholesale and consumer prices decelerated. United Kingdom Unemployment May. 2017: 4.6% The U.K. unemployment rate came in line with expectations and remained steady at 4.6% in the April quarter, its lowest since records began in 1975. Euro Zone Industrial Production Apr. 2017: 0.5% Euro zone industrial production figures came as an upbeat surprise in April, increasing by 0.5% m/m, while March’s 0.1% drop was revised up to a 0.2% rise. United States MBA Mortgage Applications Survey June 09: 2.8% Mortgage applications jumped up last week as most rates continue to decline. United States Retail Sales May. 2017: -0.3% Retail sales unexpectedly slipped in May, but gasoline prices were a major contributor. United States Consumer Price Index May. 2017: -0.1% The decline in U.S. consumer prices in May won’t deter the Federal Reserve from raising interest rates later Wednesday. Canada New Motor Vehicle Sales Apr. 2017: -1.6% The number of new-motor vehicles sold rose by 5% from March to 200,291 in April, with both new-car and new-truck sales improving. United States Business Inventories (MTIS) Apr. 2017: -0.2% Business inventories have lost momentum. United States Oil Inventories June 09: 511.5 mil barrels A smaller than expected decline in crude oil inventories will put downward pressure on oil prices. China Monetary Aggregates May. 2017: Indonesia Foreign Trade May. 2017: United States FOMC Monetary Policy Jun. 2017: 1.00 - 1.25 % The Federal Open Market Committee raised the target range for the fed funds rate by 25 basis points, to 1% to 1.25%, but that was not the most significant development. Argentina Employment Situation 2017Q1: 9.2% Unemployment Argentina's unemployment rose in the first quarter as the economy remains under policy adjustments. United States Tech Pulse May. 2017: New Zealand GDP 2017Q1: Australia Employment Situation May. 2017: » VIEW MORE ECONOMIC INDICATORS |