| Today's Economy
Economic Roundup: Fed Bears Some, but Not All, of the Blame There are other factors that have contributed to the sudden slowing in the economy. Europe Daily Briefing: Someone Save the U.K. Housing Market Theresa May still plans to put her Brexit deal back to a vote this week. Asia-Pacific Daily Briefing: China Turns to Local Government Debt Government debt can fly under the radar, but could become a bigger focus in 2019. Yellen Is Right…Inverted Yield Curve May Imply It’s Time to Cut Fed Funds By lowering fed funds’ midpoint to 2.125%, the Fed can lower the perceived risk of a recession. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Chartbook: Don’t Call It a Comeback The economy wobbled into 2019 but a turnaround appears to be under way. U.S. Weekly Highlights and Preview, March 22, 2019 Fourth quarter GDP will likely be revised lower, to 2.1%. U.S. Employment Outlook: Immigration and the Labor Force If all immigration stopped, labor force growth would be cut by more than half in coming decades. Forecaster’s Mailbag: Doves Settle in Asia Stability in Thailand’s monetary policy is important ahead of Sunday’s general election. » VIEW MORE COMMENTARY
Today's Economic Indicators
France
GDP
2018Q4: 0.3%
Final numbers confirmed that France’s fourth-quarter GDP grew 0.3% q/q, the same rate as in the previous stanza, and 1% y/y, down from 1.4%. United States
New Residential Construction (C20)
Feb. 2019: 1.162 mil
Residential construction took another tumble in February, indicating that confidence in the housing market is still unsteady despite the recent fall in mortgage rates. United States
State Personal Income
2018Q4: 1.3%
State personal income closed 2018 on a high note. United States
S&P CoreLogic Case-Shiller® Home Price Indexes
Jan. 2019: 3.6%
House price appreciation slowed in January, extending the decelerating trend that started in spring 2018. United States
FHFA Purchase-Only House Price Index
Jan. 2019: 5.6%
The Federal Housing Finance Agency Purchase-Only House Price Index rose 5.6% in January on a year-ago basis, which is in line with last month’s increase. United States
Richmond Fed Manufacturing Survey
Mar. 2019: 10
Factory activity in the Richmond Federal Reserve District decelerated in March, according to the Fifth District Survey of Manufacturing Activity. Mexico
Retail & Wholesale Sales
Jan. 2019: 0.9%
Mexico's retail consumption remained weak in January after ending the year with a contraction. United States
Conference Board Consumer Confidence
Mar. 2019: 124.1
Consumer confidence has been choppy over the past few months because of the partial government shutdown, volatility in financial markets, and signs of a slowdown in the U.S. economy. South Korea
Consumer Sentiment Index
Mar. 2019:
New Zealand
Monetary Policy
Mar. 2019:
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