Today's Economy Economic Roundup: Stagflation Risks Rising The FOMC kept the fed funds rate unchanged at May’s meeting but noted the rising risks to both inflation and joblessness. Europe Daily Briefing: Consumers Hold Back Consumers hold back on retail spending this March Asia-Pacific Daily Briefing: Unpicking the Rally in the New Taiwan Dollar Taiwan's central bank has sat on the sidelines, sparking theories related to trade talks. India-Pakistan Geopolitical Conflict Spills Into the Economic Arena Pakistan's economy is more vulnerable to a freeze on trade. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Inflation Tracker: Soft in March March’s inflation data were encouraging but will do little to calm nerves at the Fed. Russia-Ukraine: Conflict and Commodity Prices Energy and other commodity prices may not return to prewar levels even if a ceasefire is agreed. Why Taiwan’s Quiet Currency Suddenly Stole the Show A scramble to hedge drove a currency rally that sent ripples through Asia. U.S. Chartbook: Race Against The Clock Recent data show strong consumer spending ahead of tariffs. » VIEW MORE COMMENTARY
Today's Economic Indicators
Taiwan (China) Consumer Price Index Apr. 2025: 2.0% y/y Taiwan’s consumer price index rose 2% y/y in April after climbing 2.3% in March. Italy Retail Sales Mar. 2025: -0.5% m/m In March, Italy’s retail sales fell by 0.5% month over month, versus our forecast of a 0.4% drop. Euro Zone Retail Sales Mar. 2025: -0.1% m/m Euro zone retail sales fell 0.1% month on month in March, following a timid 0.2% rise in February. United States MBA Mortgage Applications Survey May 02: 11.0% Mortgage activity has returned to positive territory after three consecutive weeks of moderate declines. Brazil Industrial Production Mar. 2025: 2.4% y/y Industrial production continued to grow in March, albeit at a slow pace because of fiscal adjustments. United States Oil Inventories May 02: 438.4 mil barrels Commercial crude oil inventories fell by 2 million barrels in the week ended May 2, almost on par with the consensus forecast of a 1.3-million barrel decline. Brazil Foreign Trade Apr. 2025: US$8.15 bil The trade surplus continued to widen as exports stayed in positive territory and imports moderated. United States FOMC Monetary Policy May. 2025: 4.25% to 4.50% As broadly anticipated, the rate-setting Federal Open Market Committee kept its primary policy rate unchanged at May’s meeting. United States Consumer Credit (G19) Mar. 2025: $10.2 bil U.S. consumer credit outstanding increased $10.2 billion in March, a touch stronger than expectations. Brazil Monetary Policy May. 2025: Philippines GDP 2025Q1: » VIEW MORE ECONOMIC INDICATORS |