| Today's Economy
Economic Roundup: Oil Would Have to Keep Soaring to Do Damage U.S. economy can weather higher oil prices. Doctor Copper Issues Stern Warning for Chile, Peru Falling copper prices pose a challenge to the two Andean economies. FOMC Preview: Another Cut Is Coming The Fed will cut rates on Wednesday but won't signal that more is necessarily on its way. Moody's Analytics Raises Oil Price Forecast The change is in response to attacks on Saudi Arabia’s oil infrastructure. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Macro Outlook: The Policy Threat Barometers of future recession give an almost two-thirds probability of a downturn by the middle of next year. U.S. Weekly Highlights and Preview, September 16, 2019 We expect the FOMC to cut the target range for the fed funds rate by 25 basis points. Brexit: Updated Scenarios The next deadline is fast approaching. Macro Roundup: In the Trenches With China Pressure remains on Beijing to counterbalance headwinds. » VIEW MORE COMMENTARY
Today's Economic Indicators
World
Moody's Analytics Global GDP
2019Q2: 2.5%
The global economy has grown at a steady clip over the past couple of quarters, but trade tensions between the U.S. and some of its trading partners and the fading impact of the fiscal stimulus in the U.S. have weighed on growth. Indonesia
Foreign Trade
Aug. 2019: US$0.09 bil
Indonesia's trade balance swung into a US$90 million surplus in August, following the US$60 billion deficit in July. Canada
RPS House Price Index
Aug. 2019: 1.0%
C Italy
Consumer Price Index
Aug. 2019: 0.5%
Italy's EU-harmonized inflation ticked up to 0.5% y/y in August from 0.3% in July, confirming preliminary estimates. Canada
International Transactions in Securities
Jul. 2019: -C$1.2 bil
A significant outflow of portfolio investment from Canadians in July generated the largest net monthly outflow of funds in 2019. Canada
New Motor Vehicle Sales
Jul. 2019: -1.0%
Sales of new motor vehicles tumbled again. United States
NY Empire State Manufacturing Survey
Sep. 2019: 2.0
Manufacturers in New York remain cautiously optimistic based on the September Empire State Manufacturing Survey. Peru
Unemployment
Aug. 2019: 5.8%
The September employment report for the Lima metropolitan area painted a mixed picture of job market conditions in Peru’s capital. Russian Federation
Industrial Production
Aug. 2019: 2.9%
Russian industrial production made little progress in August. World
Moody's Analytics Survey of Business Confidence
September 13: 8.6
President Trump’s trade war with China and a potential Brexit have undermined global business confidence. Singapore
Foreign Trade
Aug. 2019:
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