Economy.com: Daily Update
| Today's Economy
LatAm Daily Briefing: LatAm’s Political Pendulum After decades of right-leaning politicians, leftist presidents have taken charge in recent elections. No Good Options for Biden Administration to Reduce Pump Prices A gas tax holiday, even if it were to pass Congress, would provide little relief for consumers. Europe Daily Briefing: U.K. Inflation Rises Further The U.K.’s inflation rate picked up to 9.1% y/y. Asia-Pacific Daily Briefing: BoJ Minutes Confirm its Dovish Stance Eyes are on the yen, which has come under some pressure. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Chartbook: Breaking Inflation High oil prices, the downturn in asset markets, soaring real estate prices, and persisting inflation are weighing on the psyche of consumers. Euro Zone Risk Matrix: Eye on the ECB We think that the central bank is less likely to be dovish at its upcoming meetings given its recent hawkish turn. U.S. Weekly Highlights and Preview, June 22, 2022 To squelch inflation, the Fed will take its chances with recession. Laos: Not in the Danger Zone (Yet) Policy actions and upsides could put Laos on the path to recovery in 2022. » VIEW MORE COMMENTARY
Today's Economic Indicators
Sweden
Unemployment rate
May. 2022: 7.8%
Sweden’s labour market was stable in May, with the seasonally adjusted unemployment rate unchanged from the previous month at 7.8%. United Kingdom
Consumer Price Index
May. 2022: 9.1% y/y
CPI inflation was 9.1% year over year in May, from 9.0% in April, slightly below our forecast of 9.2%. United States
MBA Mortgage Applications Survey
June 17: 4.2%
Mortgage application volume climbed again in the week ended June 17. United States
State Personal Income
2022Q1: 4.8%, SAAR
State personal income increased in the first quarter of 2022 thanks to the strong labor market recovery. Canada
Consumer Price Index
May. 2022: 7.7% y/y
Surging inflation will likely push the Bank of Canada to follow the Fed's footsteps with a large rate hike in July. United States
Moody's Analytics Inflation Expectations Pulse
June 19: 2.83%
Inflation expectations, according to the Moody’s Analytics Inflation Expectations Pulse, were unchanged in the week ended June 19. Argentina
Retail Sales Index
Apr. 2022: 332.0% y/y
The index that tracks nominal sales at Buenos Aires’ largest shopping centers increased 332% y/y in April, after 110% in the previous month. » VIEW MORE ECONOMIC INDICATORS |
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