| Today's Economy
U.S. New-Home Sales Dropped in May, but Trend Has Improved New-home sales didn't alter our estimate of Q2 GDP, but revisions to retail sales did. U.S. Consumers Feel Better Than Businesses Sentiment is most important around inflection points in the economy. Europe Daily Briefing: Panic Button for U.K. Retailers? Despite July's grim reading, we still expect consumer spending to buoy the economy. Asia-Pacific Daily Briefing: Korean Consumers Feeling the Pinch The BoJ's April minutes reveal the difficult spot the central bank is in. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Employment Outlook: Not if, but When A downturn is coming, but the timing is uncertain. U.S. Chartbook: Not Feeling So Hot Sentiment numbers are swooning despite the still-strong economy. A Look Back at the Tax Cuts and Jobs Act The U.S. economy has deviated little from the playbook since the 2017 tax law. U.S. Weekly Highlights and Preview, June 21, 2019 We expect a deal between the U.S. and China at the G-20 meeting, or at a minimum a truce. » VIEW MORE COMMENTARY
Today's Economic Indicators
Canada
Wholesale Trade
Apr. 2019: 1.7%
Canadian wholesale trade continued its hot streak in April. United States
State Personal Income
2019Q1: 0.9%
State personal income growth slowed at the beginning of 2019. Mexico
Retail & Wholesale Sales
Apr. 2019: 1.6%
Retail sales advanced at a moderate pace in annual terms in April, affected by Easter vacation. United States
S&P CoreLogic Case-Shiller® Home Price Indexes
Apr. 2019: 2.5%
House price appreciation slowed once again in April, continuing the trend exhibited since early 2018. United States
FHFA Purchase-Only House Price Index
Apr. 2019: 5.2%
The Federal Housing Finance Agency Purchase-Only House Price Index increased 5.2% in April on a year-ago basis, which is slightly faster than March’s increase. United States
Moody’s Analytics Policy Uncertainty Index
June 21:
United States
Richmond Fed Manufacturing Survey
Jun. 2019: 3
Manufacturing activity in the Richmond Federal Reserve District moderated slightly in June, and the composite index was 3. United States
New-Home Sales
May. 2019: 626,000
New single-family home sales declined in May, reinforcing April’s downward trend. United States
Conference Board Consumer Confidence
Jun. 2019: 121.5
With the U.S. economy slowing fairly abruptly and the trade tensions escalating, confidence is increasingly important. Argentina
Retail Sales Index
Apr. 2019: 21.2%
Argentina's index that tracks nominal sales at Buenos Aires’ largest shopping centers increased by 21.2% y/y in April, down from 28.4% in March. New Zealand
Monetary Policy
Jun. 2019:
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