| Today's Economy
Economic Roundup: Something's Got to Give There are a few possibilities for the Fed and markets to get on the same page. IMF Labels Abenomics a Success We are not as upbeat that sustained inflation will eventually return. Economic Briefing: Oil Behind Cooler German Producer Prices Brent crude oil slid below $50 per barrel in early May, from $52.30 on average in April. Examining Relationships With Aussie CPI CPI and PPI are correlated, but there isn't a causal relationship. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Commodity Outlook: Oil Prices Fluctuate Downward Offsetting forces work against the OPEC supply deal. U.S. Chartbook: What Goes Up Must Come Down The Fed prepares to reduce its balance sheet. U.S. Employment Outlook: Help Wanted Despite low unemployment, weak productivity growth and other factors will temper wage gains. U.S. Weekly Highlights and Preview, June 16, 2017 A quiet week is ahead but this summer could be very interesting. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany
Producer Price Index
May. 2017: 2.9%
Producer prices rose 2.9% y/y in May, following a 3.5% increase in the previous month, which was the fastest pace of increase since December 2011. Spain
Foreign Trade
Apr. 2017: -€1.2 bil
Spain’s monthly trade deficit improved to €1.2 billion in April from €1.5 billion a month earlier. United States
Current Account
2017Q1: -$116.8 bil
The U.S. current account deficit widened to $116.8 billion in the first quarter, an increase of $2.8 billion. Canada
Wholesale Trade
Apr. 2017: 1.0%
Wholesale sales increased 1% in April, the seventh consecutive monthly increase. Russian Federation
Retail Sales
May. 2017: 0.7%
Russian retail sales rebounded in May, rising 0.7% compared with a year ago. United States
State and Local Government Tax Revenue
2017Q1: 3.0%
After struggling for more than a year, state tax collections posted a healthy gain of 3% in the first quarter. Russian Federation
Unemployment
May. 2017: 5.2%
Russian unemployment dropped another 0.1 point in May, falling for the third month in a row and reaching its lowest level since September. United States
Moody’s Analytics Policy Uncertainty Index
June 16: 106.1
Policy uncertainty remains elevated, but if one squints, an emerging improvement in the trend can be seen. United States
Financial Obligations Ratio
2017Q1: 15.47%
Household financial burdens are low and have changed little in the last two years. United States
CreditForecast.com Household Credit Report
May. 2017: 4.3%
Total U.S. household borrowing grew 4.33% year over year in May, up from 4.06% in April. » VIEW MORE ECONOMIC INDICATORS | 
