| Today's Economy
Economic Roundup: Odds of a Fed Rate Cut Are Rising Fed cut rates in the 1990s when the expansion hit some bumps. U.S. Trade Deficit Narrows More Than Expected Boeing's issues could eventually show up in the trade data. Venezuela's Oil Output Keeps Plunging Oil production is at its lowest level since the 1950s. Europe Daily Briefing: Consumers Could Still Save the Day Labour conditions are in good shape and inflation pressures are easing. » VIEW MORE TODAY'S ECONOMY
Commentary
Brazil Outlook: Advancing With Stability The recovery will strengthen in 2019. U.S. Chartbook: Don’t Call It a Comeback The economy wobbled into 2019 but a turnaround appears to be under way. U.S. Weekly Highlights and Preview, March 22, 2019 Fourth quarter GDP will likely be revised lower, to 2.1%. U.S. Employment Outlook: Immigration and the Labor Force If all immigration stopped, labor force growth would be cut by more than half in coming decades. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
MBA Mortgage Applications Survey
March 22: 8.9%
The mortgage market posted a robust uptick in activity during the week of March 22, with the top-line market index increasing 8.9%. The four-week moving averages for purchasing and refinancing were positive and showed the strongest gains since early February. Canada
Earnings, Hours and Employment
Jan. 2019: 2.0%
The Canadian labor market continues to idle. Canada
International Merchandise Trade
Jan. 2019: -C$ 4.2 bil
The first increase in exports since July 2018 drove a decline in Canada’s merchandise trade deficit. United States
International Trade (FT900)
Jan. 2019: -$51.1 bil
The nominal trade deficit narrowed more than anticipated in January, falling by $8.8 billion to $51.1 billion following December’s unusually high deficit. Mexico
Trade Balance
Feb. 2019: US$1,221.6 mil
The trade balance turned positive in February after a wide deficit in the previous month. United States
Moody’s Analytics Policy Uncertainty Index
March 22: 128.9
The four-week moving average in our U.S. policy uncertainty index came in at 128.9 for the week ended March 22, unchanged from the prior week. United States
Current Account
2018Q4: -$134.4 bil
The current account deficit widened substantially in the fourth quarter, increasing to $134.4 billion from $126.6 billion in the third quarter. Mexico
Employment Situation
Feb. 2019: 3.3% Unemployment
Mexico’s unemployment declined in February after increasing in the previous month. United States
Oil Inventories
March 22: 442.3 mil barrels
An unexpected increase in oil inventories will put downward pressure on oil prices. France
Job Seekers
Feb. 2019: 3.37 mil
The number of job seekers in France decreased to 3.37 million in February, the lowest level since April 2014. Uruguay
GDP
2018Q4:
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