Today's Economy Economic Roundup: Upping the Odds of a Fed Cut in July Fed not alone as RBA could eye another cut. Argentina’s Election Scenario Takes Shape Political alliances have firmed ahead of the August primaries. Europe Daily Briefing: BoE Between a Rock and a Hard Place The bank could hike rates by the end of the year, or follow the ECB and the Fed. Powell Not Convinced U.S. Has Reached Full Employment This is dovish for the path of interest rates and could lead to a cut. » VIEW MORE TODAY'S ECONOMY
Commentary Where Will the Fed Go From Here? It will take a lot to prevent a cut in July, but nothing is certain. U.S. Regional Outlook: The Rise of Midsize Metro Areas Costs drive movement to cheaper areas—to a degree. U.S. Macro Outlook: Losing Faith Recession fears have suddenly come to the fore. U.S. Chartbook: Searching for the Warning Signs No glaring potential macroeconomic imbalances are forming yet. » VIEW MORE COMMENTARY
Today's Economic Indicators
Indonesia Monetary Policy Jun. 2019: 6.0% As expected, Bank Indonesia kept the seven-day reverse repo rate at 6% at its June policy meeting. Japan Monetary Policy Jun. 2019: ¥80 tril. United Kingdom Retail Sales May. 2019: 2.3% In line with our expectations, U.K. retail sales rose by 2.3% y/y in May, decelerating sharply from a 5.1% gain in April. United Kingdom Monetary Policy and Minutes Jun. 2019: 0.75% The Bank of England’s Monetary Policy Committee unanimously voted to leave interest rates unchanged at 0.75% in June. United States Financial Obligations Ratio 2019Q1: 15.38% Household financial burdens are low and nearly steady. United States Current Account 2019Q1: -$130.4 bil The current account deficit narrowed in the first quarter, falling to $130.4 billion from $143.9 billion. United States Jobless Claims June 15: 216,000 U.S. initial claims remain very low. United States Philadelphia Fed Survey Jun. 2019: 0.3 Sentiment among manufacturers in the Third District soured this month, according to the Philadelphia Fed’s Manufacturing Business Outlook Survey. Canada ADP Canada National Employment Report May. 2019: -16,020 Canadian employment fell by 16,020 jobs in May, according to the ADP Canada National Employment Report. Russian Federation Retail Sales May. 2019: 1.4% Russia's retail sales growth came in at 1.4% y/y in May, down slightly from April’s upwardly revised 1.6%. Russian Federation Unemployment May. 2019: 4.5% Russia’s unemployment rate dipped to 4.5% in May from 4.7% in April, below the market consensus of 4.6%. United States St. Louis Fed Financial Stress Index June 14: -1.22 Financial market stress eased for the first time in six weeks, with the St. United States Conference Board Leading Indicators May. 2019: 0.0% The outlook for the U.S. economy has softened. United States Natural Gas Storage Report June 14: 115 bil cubic feet Natural gas inventories rose by more than analysts had predicted, which will put modest downward pressure on gas prices. China Industrial Production May. 2019: Japan Consumer Price Index May. 2019: » VIEW MORE ECONOMIC INDICATORS |