| Today's Economy
Economic Roundup: For It's One, Two, Three Cuts and the Fed's Out Fed gearing up to take a seat on the bench and see if three cuts were enough. Q3 GDP Confirms What We Already Knew U.S. consumers keep spending, and business investment's poor run continues with no sign of a recession. Brazil Passes Pension Reform Changes to the system are a landmark, but further efforts are needed. Europe Daily Briefing: France Saves the Day, Again In Germany, unemployment held steady and inflation cooled in October. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Credit Outlook: Unsecured Lending Leads Households continue to take on credit despite rising economic uncertainty. U.S. Chartbook: Much Ado About Housing Home sales slipped in September, but the broader trend remains positive. U.S. Weekly Highlights and Preview, October 28, 2019 We expect the Fed to cut rates by 25 basis points. U.S. Employment Outlook: Not Too Cool, Not Too Hot The deceleration in job growth is likely to persist into next year. » VIEW MORE COMMENTARY
Today's Economic Indicators
France
Household Consumption Survey
Sep. 2019: -0.4%
Household expenditure on goods fell by 0.4% m/m in September after a 0.1% rise in August. France
GDP
2019Q3: 0.3%
The first estimate of French third-quarter GDP was a welcome surprise; activity grew by 0.3% q/q, matching the previous stanza's rate and beating the consensus for a slowdown to 0.2%. Germany
Unemployment
Oct. 2019: 5.0%
The German unemployment rate stayed at 5% in October. Euro Zone
Business and Consumer Sentiment
Oct. 2019: 100.8
The euro zone's business and consumer sentiment decreased to 100.8 in October from 101.7 in September as the headwinds facing the euro zone economies grew. United States
MBA Mortgage Applications Survey
October 25: 0.6%
Mortgage applications ticked up 0.6% over the week of October 25, with the refinance index and purchase index moving in opposite directions. Chile
Employment
Sep. 2019: 7.0%
The national unemployment rate averaged 7% in the July-September rolling quarter, down from 7.1% a year earlier. Chile
Manufacturing Production
Sep. 2019: 2.13%
National manufacturing recovered in September, benefited by the annual comparison base. United States
ADP National Employment Report
Oct. 2019: 125,000
The labor market continues to chug along, although its pace has slowed markedly. United States
GDP
2019Q3: 1.9%
U.S. United States
Business Employment Dynamics
2019Q1: 7.4 mil
During the first quarter of 2019, the private sector added 7.4 million jobs, down from 7.8 million in the fourth quarter of 2018 and the weakest addition since the third quarter of 2017. Canada
Monetary Policy
Oct. 2019: 1.75%
The Bank of Canada left monetary policy unchanged at its late-October meeting, but cut its growth forecast and added language to its announcement indicating that it is prepared to react if the global slowdown intensifies. United States
Oil Inventories
October 25: 438.9 mil barrels
An unexpected rise in oil inventories will put downward pressure on oil prices. United States
FOMC Monetary Policy
Oct. 2019: 1.5 to 1.75%
The Federal Open Market Committee cut the target range for the fed funds rate for the third consecutive meeting, but a change to the statement suggests that unless something goes wrong, the central bank could pause its easing cycle. Brazil
Monetary Policy
Oct. 2019:
Japan
Industrial Production
Sep. 2019:
South Korea
Retail Sales
Sep. 2019:
China
Manufacturing PMI
Oct. 2019:
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