Today's Economy Economic Roundup: The Fed's Soothing Voice Markets were happy to hear that the central bank would step in if the economy needs it. As U.S. Expansion Ages, Maybe We Should Sweat the Small Stuff Smaller components of GDP account for a large share of volatility in growth. Europe Daily Briefing: All About Volatility Euro zone headline inflation plunged to its lowest since February 2018. Asia-Pacific Daily Briefing: RBA Succumbs to Dovish Pressure The RBA cut the cash rate to 1.25%. Expect further easing, even though forward guidance is scarce. » VIEW MORE TODAY'S ECONOMY
Commentary Road to Recession: Paved With Tariffs? The use of tariffs as a policy lever could cause us to adjust the odds around our trade war scenarios. The Macroeconomic Impact of Senator Elizabeth Warren’s Clean Energy Plan The presidential candidate has a proposal to address climate change and infrastructure. Tariffs Tracker: Oh the Places You’ll Tariff As the trade wars escalate, threats to the U.S. economy are mounting. U.S. Chartbook: The Calm Before the Tweetstorm Last week’s data predate the latest rounds of trade war escalation. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States CoreLogic Home Price Index Apr. 2019: 3.6% The CoreLogic Home Price Index increased 3.6% year over year in April, its slowest rate since the start of the recovery. Italy Unemployment Apr. 2019: 10.2% Italy’s employment situation in April looks substantially stable compared with March. Euro Zone Preliminary Consumer Price Index May. 2019: 1.2% Preliminary numbers showed that euro zone inflation plunged to 1.2% y/y in May from 1.7% in April, in line with our expectations. Euro Zone Unemployment Apr. 2019: 7.6% Beating all expectations, the euro zone’s jobless rate dropped further to only 7.6% in April, its lowest since August 2008, from 7.7% in March. Brazil Industrial Production Apr. 2019: -3.4% Brazil’s industry continued to contract on an annual basis in April, hurt by low levels of production in previous months. United States ISM - NY Report May. 2019: 48.6 After approaching new heights in April, sentiment about the New York City economy experienced one of the sharpest nosedives in the history of the ISM-New York Report on Business in May. United States Moody’s Analytics Policy Uncertainty Index May 31: United States Factory Orders (M3) Apr. 2019: -0.8% Factory orders fell 0.8% in April, their second loss in three months. Australia GDP 2019Q1: » VIEW MORE ECONOMIC INDICATORS |