| Today's Economy
The U.S. Labor Market's Magic Number Break-even job growth is higher than previously thought. Europe Daily Briefing: Finally, Some Good News From the U.K. The labour market report will bolster the hawks’ case for a May rate hike. Markets Appear to See Fed Headed for a Policy Mistake The Fed has prepped financial markets for an inflation overshoot. Asia-Pacific Daily Briefing: China's Stable Start to 2018 March quarter GDP growth was 6.8% y/y, suggesting economic conditions remain favourable. » VIEW MORE TODAY'S ECONOMY
Commentary
Chile Outlook: In Recovery Sustained improvement depends on the acceleration of capital accumulation. Foreign Demand for U.S. Treasuries Likely to Weaken Lower demand will add to the expected pattern of rising interest rates needed to find buyers. U.S. Chartbook: The Lone Doves Conditions are falling into place for four rate hikes this year. U.S. Macro Outlook: Road to Recession It's prudent to take stock of where we are in the business cycle, and watch the signposts. » VIEW MORE COMMENTARY
Today's Economic Indicators
Italy
Consumer Price Index
Mar. 2018: 0.9%
Italy’s annual harmonized EU inflation accelerated to 0.9% y/y in March from 0.5% in February. United Kingdom
Unemployment
Mar. 2018: 4.2%
Beating all expectations, the U.K.'s jobless rate declined further to an impressive 4.2% in the February quarter, from 4.3% in the previous stanza. Peru
Unemployment
Mar. 2018: 8.1%
The job market in the Lima metropolitan area is struggling to find its footing. United States
Black Knight Home Price Index
Jan. 2018:
Canada
International Transactions in Securities
Feb. 2018: C$4.0 bil
Foreign investors reshuffled their Canadian portfolios in February. Canada
Survey of Manufacturing
Feb. 2018: 1.9%
Manufacturing sales increased 1.9% from January to February, reflecting higher sales in the transportation equipment industry. Canada
New Motor Vehicle Sales
Feb. 2018: 2.4%
The number of new motor vehicles sold increased by 6.8% from January to 128,313 in February, with monthly sales of new cars and new trucks rising. United States
New Residential Construction (C20)
Mar. 2018: 1.319 mil
Residential construction rebounded in March. Housing starts increased 1.9% from February and were up by 10.9% from March 2017. The increase was unbalanced, being led by a strong resurgence in multifamily starts, whereas single-family starts fell slightly. United States
Industrial Production
Mar. 2018: 0.5%
Industrial production rose 0.5% in March, marking a better showing than the consensus projection but in line with our forecast. United States
Moody’s Analytics Policy Uncertainty Index
April 13: 118.3
U.S. economic policy uncertainty is climbing because of the dynamics in Washington DC. Japan
Foreign Trade
Mar. 2018:
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