| Today's Economy
Economic Roundup: Fed Takes a Summer Vacation The August meeting of the Federal Open Market Committee was simply a formality. Europe Daily Briefing: Little Joy From July PMIs The euro zone manufacturing index rebounded a bit, but the reading signals downside risks. Revisions Save U.S. Construction Spending Construction spending fell in June, but the implications for Q2 GDP are small. Asia-Pacific Daily Briefing: Exports Stage a Comeback in South Korea The Reserve Bank of India hiked rates amid rising inflation, capital outflows and a weak rupee. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Chartbook: Economy on a Sugar High Odds are 4% isn't the new normal. U.S. Weekly Highlights and Preview, July 30, 2018 The focus in this busy week will be on employment. Partying Like It's 2014 Juice from the U.S. fiscal stimulus and a still-accommodative Fed will keep the party going. Europe Weekly Highlights and Preview, 27 July, 2018 Markets' focus will be on the U.K. Monetary Policy Committee. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
Vehicle Sales - AutoData
Jul. 2018: 16.77 mil, SAAR
The drop in U.S. vehicle sales in July isn’t cause for concern for consumer spending as sales remain elevated and there are plenty of tailwinds for consumer spending this quarter and next. United States
MBA Mortgage Applications Survey
July 27: -2.6%
Mortgage applications fell again last week, as interest rates climbed. India
Monetary Policy
Aug. 2018: 6.5%
The Reserve Bank of India hiked the repo rate, as expected, by 25 basis points at its August meeting to 6.5%, its highest level in more than two years. Peru
Consumer Price Index
Jul. 2018: 1.6%
Consumer prices in the Lima metropolitan area are gradually normalizing as food, beverage and other staples reverse year-long declines. United States
ADP National Employment Report
Jul. 2018: 219,000
The labor market remains on a healthy streak. United States
Construction Spending (C30)
Jun. 2018: -1.1%
The total value of construction put in place decreased 1.1% from May, missing the consensus estimate of a 0.3% increase. United States
ISM Manufacturing Index
Jul. 2018: 58.1
The U.S. manufacturing sector is faring well, but there could be bumps ahead. United States
Oil Inventories
July 27: 408.7 mil barrels
An unexpected increase in crude oil inventories will have a negative effect on prices. Brazil
Foreign Trade
Jul. 2018: US$4.23 bil
Brazil’s trade surplus narrowed to $4.2 billion in July. United States
FOMC Monetary Policy
Aug. 2018: 1.75 - 2.00%
There were no surprises from the Federal Open Market Committee’s decision. Brazil
Monetary Policy
Aug. 2018:
Australia
Foreign Trade
Jun. 2018:
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