| Today's Economy
LatAm Daily Briefing: Colombia, In Search of a President Gustavo Petro will likely win first-round voting, but with two strong challengers, his path to the presidency isn’t assured in round two. Europe Daily Briefing: July End to QE Looks Likely ECB President Lagarde said a rate hike could come within weeks after net asset purchases end. Asia-Pacific Daily Briefing: Bank Negara Malaysia Surprises With a Rate Hike Rising inflation pressures are a key reason for the increase. Economic Roundup: Dropping Fiscal Reconciliation Package From U.S. Baseline The hit to growth this year is small, but tighter financial market conditions are a bigger issue. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Regional Recession Odds on the Rise As late-cycle dynamics take hold, the Sun Belt and South flash some warning signs. U.K. Mortgage Payment Affordability The squeeze on incomes is a bigger risk to affordability than higher rates. Canada Housing Market: Prices Will Moderate as Demand Pulls Back Higher rates and the significant deterioration in housing affordability will reduce the number of potential new buyers. Global Vaccine Tracker: China's COVID-19 Fight The economic impact of Shanghai’s lockdown is extreme. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany
Consumer Price Index
Apr. 2022: 7.4% y/y
Germany’s consumer price index increased by 7.4% y/y in April, the sharpest year-over-year increase since reunification. Malaysia
Monetary policy
May. 2022: 2%
In a surprise rate hike, Bank Negara Malaysia raised the overnight policy rate by 25 basis points to 2% from 1.75%. Austria
Industrial Production
Mar. 2022: -1.1% m/m
After improvements in January and February, industrial production slid 1.1% m/m in March, correcting from an all-time high. Portugal
Consumer Price Index
Apr. 2022: 7.2%
Portugal’s CPI rose to 7.2% year over year in April, up from 5.4% in March. Portugal
Unemployment rate
2022Q1: 5.9%
Portugal’s headline unemployment rate decreased to 5.9% in the first quarter, down 0.4 percentage point from the previous period and one of the lowest values in the last decade. United States
MBA Mortgage Applications Survey
May 06: 2%
Mortgage application volume expanded for consecutive weeks but remains at its lowest level since late 2018. Brazil
Consumer Price Index
Apr. 2022: 12.13% y/y
Brazil’s inflation gained strength in April as price realignments accelerated. United States
Consumer Price Index
Apr. 2022: 0.3% m/m
The Federal Reserve is not going to abandon its plan to aggressively remove monetary policy accommodation even if inflation has peaked. United States
Moody's Analytics Inflation Expectations Pulse
May 08: 2.38%
Inflation expectations showed little change in the week ended May 8, according to the Moody’s Analytics Inflation Expectations Pulse. United States
Oil Inventories
May 06: 424.2 mil barrels
An unexpected build in oil inventories last week should weigh on high oil prices somewhat. Canada
RPS House Price Index
Apr. 2022: 15.6% y/y
United States
Treasury Budget
Apr. 2022: $308.2 bil
Tax day has come and gone, and a surge in tax revenue, fueled by strong income growth and capital gains, has produced the largest surplus on record for the month of April. Philippines
GDP
2022Q1:
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