Today's Economy Economic Roundup: Bumpy Road of Reflation in the U.S. Core inflation rose in April, but recent progress toward Fed's target has been limited. Colombia Domestic Demand Accelerates Slightly Economic policy is turning less restrictive. Wage and Salary Whiplash for U.S. Economic Observers Upward revisions to the first quarter stem from methodological change by the BEA. U.S. Consumer Spending Improves Its Trajectory April's modest gain and upward revisions to March ease some concern about the current quarter. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Chartbook: Fed's Balance Sheet Plan Taking Shape We anticipate that the central bank will begin reducing its securities holdings in December. Inflation Created by the Bank of Mexico Production cannot keep up with the rising money supply. A Checklist for an Overheating U.S. Labor Market The job market is tightening, but wage and inflation growth are lethargic. China Outlook: Policy on Pause Manufacturing and housing cool but economy remains on track. » VIEW MORE COMMENTARY
Today's Economic Indicators
France Household Consumption Survey Apr. 2017: 0.5% French household spending on goods rebounded by 0.5% m/m in April, following a 0.1% decline in the previous month and a cumulative 1% fall since February. Euro Zone Business and Consumer Sentiment May. 2017: 109.2 The euro zone's economic confidence indicator fell marginally to 109.2 in May from a revised 109.7 in the previous month. United States Black Knight Home Price Index Mar. 2017: 5.9% House prices are rising at a brisker pace as homebuyers grapple with a limited inventory of existing homes for sale. United States Personal Income Apr. 2017: 0.4% Growth in nominal personal income accelerated to 0.4% in April from an unrevised 0.2% gain in March, falling just shy of our forecast for a 0.5% increase. United States PCE Deflator Apr. 2017: 0.2% The Federal Reserve will find some solace in the gain in the PCE deflator in April, as it rose 0.2%, reversing the prior month's decline. United States Personal Spending Apr. 2017: 0.2% Consumer spending growth moderated in April from an upwardly revised March pace. Canada Balance of International Payments 2017Q1: -C$14.1 bil Canada's seasonally adjusted current account deficit increased to C$14.1 billion in the first quarter, largely because the merchandise trade balance swung from surplus to deficit. Canada Industrial Product and Raw Materials Price Indexes Apr. 2017: 0.6% Higher energy prices supported gains in both Canadian price indexes. Chile Manufacturing Production Apr. 2017: -7.5% Manufacturing contracted in April, as the month had fewer working days. United States S&P CoreLogic Case-Shiller® Home Price Indexes Mar. 2017: 5.9% Existing-home price appreciation held steady in the three months ending in March compared with the same period in February. Russian Federation Business Confidence May. 2017: -1.0 Business confidence among manufacturing managers held steady in May with a net -1% of positive responses, the same as a month ago, maintaining its highest level in almost four years. United States Conference Board Consumer Confidence May. 2017: 117.9 Consumer confidence lost 1.5 points in May, falling to 117.9. World Moody's Analytics Survey of Business Confidence May 26: 35.6 Global business sentiment remains strong and steadfast, particularly in the U.S., as it has been since before last year’s presidential election. United States Texas Manufacturing Outlook Survey May. 2017: 17.2 Texas factory activity strengthened in May, with surveyed current business activity continuing to show a double-digit positive margin. Thailand Industrial Production Mar. 2017: South Korea Industrial Production Apr. 2017: South Korea Retail Sales Apr. 2017: United Kingdom Consumer Confidence May. 2017: Japan Industrial Production Apr. 2017: China Manufacturing PMI May. 2017: » VIEW MORE ECONOMIC INDICATORS |