| Today's Economy
Economic Roundup: Jobless Claims Rise Prior to UI Experiment The trend suggests layoffs aren’t the main obstacle to stronger job growth. LatAm Daily Briefing: Mexico's Rebound Lags U.S. The miss stems from weakness of economic fundamentals and the low countercyclical power of its economic policy. Asia-Pacific Daily Briefing: New Zealand's Upbeat First Quarter Australia's jobless rate fell in May. Capital Markets View: How Much Do Expectations Matter? Lenders require compensation for expected inflation, since it erodes real returns on nominal fixed income securities. » VIEW MORE TODAY'S ECONOMY
Commentary
A Three-Month UI Experiment Commences What to watch after four states ended additional $300 per week for unemployed, with more to come U.S. Households Become Wealthier If anything, wealth is higher than it would have been without the pandemic. This Week in the COVID-19 Recovery Inflation expectations have picked up from their pandemic lows, but this is a feature and not a bug. U.S. Federal Outlook: The Rise and Fall of Pandemic Relief Support from fiscal policy out of Washington has been highly supportive to households and businesses but will start to fade in the coming months. » VIEW MORE COMMENTARY
Today's Economic Indicators
Netherlands
Unemployment
May. 2021: 3.3%
Norway
Monetary Policy
Jun. 2021: 0.00%
The Norges Bank left its key policy rate unchanged at 0%. Switzerland
Monetary Policy
Jun. 2021: -0.75
The Swiss National Bank has held its policy rate and interest on sight deposits steady at -0.75%. Indonesia
Monetary Policy
Jun. 2021: 3.50%
Bank Indonesia kept its 7-day reverse repo rate unchanged at 3.5% for the fourth consecutive month. Euro Zone
Consumer Price Index
May. 2021: 2.0%
The euro zone’s harmonized index of consumer prices increased by 2% y/y in May. Austria
Consumer Price Index
May. 2021: 2.9%
Prices in Austria ticked up by 0.3% m/m in May, after falling by a modest 0.1% in April. Canada
ADP Canada National Employment Report
May. 2021: 101600
May brought modest job growth, according to ADP Canada’s National Employment Report. Canada
International Transactions in Securities
Apr. 2021: C$10.0 bil
Canadians again upped their purchases of U.S. equities in April. United States
Jobless Claims
June 12: 412,000
U.S. initial claims for unemployment insurance are moving in the wrong direction again. United States
Philadelphia Fed Survey
Jun. 2021: 30.7
The Philadelphia Fed’s manufacturing index remains firmly in expansion mode. United States
St. Louis Fed Financial Stress Index
June 11: -0.98
The St. World
Moody's Analytics Global GDP
2021Q1: 3.2%
Global GDP growth slowed somewhat in the first quarter, with output expanding by 3.2% at an annualized rate, following growth of 6.8% in the previous three months. United States
Conference Board Leading Indicators
May. 2021: 1.3%
The Conference Board’s Leading Economic Index rose 1.3% in May, aligning with consensus expectations. United States
Natural Gas Storage Report
June 11: 16 bil cubic feet
The increase in gas stocks last week was below analyst predictions, suggesting that this report should have some upward effect on gas prices. Japan
Consumer Price Index
May. 2021:
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