| Today's Economy
Economic Roundup: Draghi Steals a Page From Bernanke's Playbook Calendar-based guidance is risky, as it can be misinterpreted as a hard commitment. Q2 U.S. Growth Still Coming in Hot We still have GDP tracking 4% this quarter. Europe Daily Briefing: A Smooth Operation at the ECB The central bank is steering its quantitative easing program toward the exit door. U.S. Consumer Spending Heats Up The tight labor market, tax legislation, and weather boosted retail sales in May. » 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
Germany
Consumer Price Index
May. 2018: 2.1%
Germany's annual national measure of inflation accelerated sharply to 2.1% in May, and 2.2% in not seasonally adjusted terms, after holding steady at 1.6% in April. France
Consumer Price Index
May. 2018: 2.3%
Rising oil and food prices pushed French harmonized inflation up to 2.3% y/y in May, from 1.8% in April. United Kingdom
Retail Sales
May. 2018: 3.88%
U.K. retail sales grew by 1.3% m/m in May, building on an already-strong 1.4% gain in April. Euro Zone
Monetary Policy
Jun. 2018: 0.0%
The policy announcement from the European Central Bank was in line with ours and market expectations, though the details held some surprises. Canada
New Housing Price Index
Apr. 2018: 1.6%
Canada’s new house market is at a standstill. Canada
New Motor Vehicle Sales
Apr. 2018: -2.2%
The number of new motor vehicles sold increased by 3.1% from 189,971 in March to 195,806 in April, with monthly sales of new cars and new trucks rising. United States
Jobless Claims
June 09: 218,000
The U.S. labor market is very good shape, as initial claims remain very low. United States
Import and Export Prices
May. 2018: 0.6%
U.S. import prices rose 0.6% in May, matching the revised gain in April. United States
Retail Sales
May. 2018: 0.8%
Retail sales posted their third month of solid growth in May, exceeding expectations, as consumer spending benefits from tax cuts. United States
Tech Pulse
May. 2018: 85.4
The tech sector is on a winning streak. United States
Business Inventories (MTIS)
Apr. 2018: 0.3%
Stockpiles started the second quarter on a solid note. United States
St. Louis Fed Financial Stress Index
June 08: -1.15
Financial market stress eased last week behind a strong week on Wall Street. United States
Natural Gas Storage Report
June 08: 96 bil cubic feet
Natural gas inventories rose by 96 billion cubic feet during the week ended June 8, exceeding analyst expectations of a gain of 90 bcf. India
Foreign Trade
May. 2018:
Argentina
Consumer Price Index
May. 2018: 26.4%
The statistics office’s consumer price index for the Buenos Aires metro area increased 1.9% in May, after 2.6% in the previous month and 1.3% a year earlier. South Korea
Employment
May. 2018:
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