| Today's Economy
Capital Market View: U.S. Corporate Bond Spreads Tighten Slightly Issuance is set to take off early this month. LatAm Daily Briefing: Recovering Lost Output Regaining pre-pandemic output levels continued at a moderate pace. Europe Daily Briefing: ECB Slows Emergency Asset Purchases The solid rebound in the euro zone warrants a slowdown in PEPP purchases. Asia-Pacific Daily Briefing: China's Producer Prices Surge Producer prices hit a 13-year high at 9.5% y/y in August, helped by high commodity prices. » VIEW MORE TODAY'S ECONOMY
Commentary
A Deeper Dive Into a Disappointing Jobs Report August’s deceleration is a reminder that the path of the economy remains linked to the pandemic. The Race to Save Millions From Eviction We estimate that approximately 7 million U.S. households are behind on their rent as of the end of August. Natural Disasters From Coast to Coast Hurricanes, wildfires and drought are taking a significant toll in the U.S. EU’s Recovery and Resilience Facility Goes Live The funds are intended to support recovery and aid in the digital and green transition. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia
Monetary policy
Sep. 2021: 1.75%
Bank Negara Malaysia maintained its overnight policy rate at 1.75% in its September meeting, as expected. Ireland
Consumer Price Index
Aug. 2021: 2.8% y/y
Ireland's CPI increased by 2.8% y/y in August, benefitting partly from a lower base a year earlier. Euro Zone
Monetary Policy
Sep. 2021: 0%
The European Central Bank decided to moderately decrease the pace at which it purchases government bonds under its Pandemic Emergency Purchase Program, judging that the financing conditions will remain favorable despite the smaller asset purchase. Brazil
Consumer Price Index
Aug. 2021: 9.68% y/y
Brazil’s inflation keeps reaching record highs as pressures on prices intensify and markets call for more policy actions. Mexico
Consumer Price Index
Aug. 2021: 5.59% y/y
Mexico’s general inflation declined in August as gas prices were reduced by new government regulations; however, core inflation rose again. United States
Moody's Analytics Beige Book Index
Sep. 2021: 202.8
The Moody’s Analytics Beige Book Index rose to 202.8 in September from 198.6 in July, a modest increase compared with the last report. United States
Jobless Claims
September 04: 310,000
U.S. initial claims for unemployment insurance have improved recently but the latest decline overstates the case; new filings can swing wildly around holidays and these data are for the week prior to the Labor Day holiday. United States
Moody’s Analytics Policy Uncertainty Index
September 03: 295.8 4-wk MA
The four-week moving average in our U.S. United States
Quarterly Services Survey
2021Q2:
The reopening of the U.S. economy has put services on the road to recovery, but there are downside risks through the rest of the year because of the Delta variant of COVID-19. United States
St. Louis Fed Financial Stress Index
September 03: -1.00
Financial market stress remained unchanged last week, with the St. United States
Natural Gas Storage Report
September 03: 52 bil cubic feet
The increase in gas stocks last week beat analyst expectations, so this report should partially arrest the recent runup in prices. United States
Oil Inventories
September 03: 423.9 mil barrels
A smaller-than-expected drop in crude oil inventories will likely put some downward pressure on oil prices. » VIEW MORE ECONOMIC INDICATORS | 