Today's Economy With Eye on Fed Funds Rate, Central Bank Likely to Adjust IOER Two dominant players in the fed funds market could cause the central bank some headaches. Europe Daily Briefing: Euro Zone Hits a Soft Patch A sobering report points to faltering growth in the major economies. Asia-Pacific Daily Briefing: China's Softening Credit Growth The clampdown on financial risks is largely behind weaker credit growth. High-Yield Borrowing: Bond Offerings Plunge, New Bank Loan Programs Soar Faster CPI inflation lives up to expectations. » VIEW MORE TODAY'S ECONOMY
Commentary A Dissent: The Economic Consequences of Unrestricted Rent in California Control measures may be the lesser of evils. Global Outlook: Nearing the Peak Growth will continue to accelerate in 2018, but gains will be less broad-based. U.S. Chartbook: Traders, not Traitors Escalating rancor between the U.S. and its G-7 allies overshadows a week full of positive data. U.S. Weekly Highlights and Preview, June 8, 2018 The FOMC will raise the target range for the fed funds rate by 25 basis points. » VIEW MORE COMMENTARY
Today's Economic Indicators
World Moody's Analytics Global CPI May. 2018: 0.5% The Moody’s Analytics Global Consumer Price Index increased 0.5% in May following a downwardly revised 0.2% gain in April (previously 0.3%). Canada RPS House Price Index May. 2018: Spain Consumer Price Index May. 2018: 2.1% Spain’s headline inflation surprised on the upside in May at 2.1%, 0.1 point above the preliminary estimate. United Kingdom Consumer Price Index May. 2018: 2.4% The U.K.’s annual headline CPI remained steady at 2.4% in May. Brazil Retail Sales Index Apr. 2018: 0.6% Brazil’s household consumption moderated in April after a rebound in March. Euro Zone Industrial Production Apr. 2018: -0.9% Industrial production in the euro zone dropped by 0.9% m/m in April, fully reversing the 0.6% gain in March. OECD Composite Leading Indicators Apr. 2018: 99.9 The OECD composite leading indicator ticked down to 99.9 in April from 100 previously. United States MBA Mortgage Applications Survey June 08: -1.5% Mortgage applications resumed their decline last week. United States Producer Price Index May. 2018: 0.5% U.S. producer prices rose more than expected in May, further evidence that inflation pressures are building. United States Oil Inventories June 08: 432.4 mil barrels A much larger than expected decline in oil inventories will put upward pressure on oil prices. United States FOMC Monetary Policy Jun. 2018: 1.75 - 2.00% There is plenty to digest from the June meeting. Argentina Employment Situation 2018Q1: Chile Monetary Policy Jun. 2018: Australia Employment Situation May. 2018: China Fixed Asset Investment May. 2018: China Industrial Production May. 2018: China Retail Sales May. 2018: » VIEW MORE ECONOMIC INDICATORS |