| Today's Economy
A More Somber Tone as U.S. Housing Takes a Hit Home sales and construction activity will plummet in the second quarter. LatAm Daily Briefing: Bank Chiefs in a Bind Their latest moves mark the first shift toward conventional countercyclical monetary policy. Washington Shouldn’t Rest on Its Laurels After Historic Stimulus Deal The deal is a crucial third step toward easing the economic hardships to come, but more can be done. Europe Daily Briefing: Q2 Should Be as Bad as It Gets U.K. headline inflation will cool sharply in coming months, to below 1%. » VIEW MORE TODAY'S ECONOMY
Commentary
Looking for the U.S. Labor Market Impact of COVID-19 A real shock will come when UI claims for last week are released; claims are widely expected to surpass 1 million. EU Risk Matrix: COVID-19 in U.S. Adds to Europe's Woes The euro zone will feel the economic pain of the coronavirus' spread across the Atlantic. CECL and IFRS 9 Recommendations: Handling Shifting Economic Scenarios How can filers adjust their loss estimates in a reasonable and supportable manner? Bold Fiscal Stimulus Supports the Greek Economy Fears of a global recession put governments and central banks in the spotlight. » VIEW MORE COMMENTARY
Today's Economic Indicators
Thailand
Monetary Policy
Mar. 2020: 0.75%
The Bank of Thailand kept its policy rate unchanged at 0.75% after Friday's off-cycle meeting to cut the policy rate by 25 basis points from 1% to 0.75%. Canada
RPS House Price Index
Feb. 2020: 4.1%
House prices rose 0.1% in February across the 13 largest Canadian markets, causing year-ago price growth to rise to 4.1% from 3.9% in January. United Kingdom
Consumer Price Index
Feb. 2020: 1.7%
The U.K.’s CPI inflation fell to 1.7% y/y in February from 1.8% in January. United States
MBA Mortgage Applications Survey
March 20: -29.4%
Mortgage applications decreased by 29.4% over the week of March 20, adding to the previous week’s decline. United States
Financial Obligations Ratio
2019Q4: 15.08%
Household financial burdens ended last year low and almost flat, meaning consumers are in good financial shape for the current shock. United States
Durable Goods (Advance)
Feb. 2020: 1.2%
U.S. durable goods orders rose 1.2% in February, a little better than our forecast for a 0.6% increase and the consensus for a 0.7% decline. United States
FHFA Purchase-Only House Price Index
Jan. 2020: 5.2%
The Federal Housing Finance Agency Purchase-Only House Price Index increased 5.2% on a year-ago basis in January. Mexico
Retail & Wholesale Sales
Jan. 2020: 2.7%
Retail consumption in Mexico started the year with a moderate advance as the economy remained weak. United States
Oil Inventories
March 20: 455.4 mil barrels
Crude oil inventories rose by less than analysts predicted last week, but this inventory report will have little effect on prices. France
Job Seekers
Feb. 2020: 3.23 mil
Argentina
GDP
2019Q4: -1.1%
The Argentine economy contracted 1.1% y/y in the fourth quarter after shrinking 1.8 y/y in the previous quarter. » VIEW MORE ECONOMIC INDICATORS | 