| Today's Economy
Solid U.S. Economy Widens the Trade Deficit The 2018 deficit was $621 billion, the largest since 2008. Europe Daily Briefing: The OECD Spares No One Growth forecasts were slashed for all major world economies. Asia-Pacific Daily Briefing: Australia's Downshift in View Interest rate cuts are not yet in the baseline forecast for Australia. Markets Shrug Off Highest Ratio of High-Yield Downgrades Per Upgrade Since 2016 The 3.5% ratio of net high-yield downgrades to the number of high-yield issuers since September has been associated with a 527 basis points midpoint for the high-yield bond spread. » VIEW MORE TODAY'S ECONOMY
Commentary
Little Economic Impact From Subcontinent Conflict The India-Pakistan conflict adds to the cumulative weight of geopolitical risk around the world. Canada Outlook: That’ll Leave a Bruise The drop-off in investment spending over the past two quarters suggests a sluggish start to 2019. U.S. Weekly Highlights and Preview, March 4, 2019 All eyes are on employment. U.S. Chartbook: Setting Expectations First quarter GDP growth has disappointed in this expansion, and odds are that the first three months of 2019 will be no different. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
MBA Mortgage Applications Survey
March 01: -2.5%
The week ended March 1 saw a reversal in the increasingly volatile mortgage market with the top-line market index decreasing 2.5%. Colombia
Consumer Price Index
Feb. 2019: 3.0%
Colombia’s annual inflation rate decelerated in February, thanks to more stable food prices and a decline in residential power tariffs. United States
ADP National Employment Report
Feb. 2019: 183,000
The labor market has throttled down as the expansion ages. United States
International Trade (FT900)
Dec. 2018: -$59.8 bil
The nominal trade deficit widened to its highest level in a decade in December as the softening global economy and ongoing trade war took a toll. Russian Federation
Consumer Price Index
Feb. 2019: 5.2%
The Russian consumer price index rose 5.2% year over year in February, accelerating by 0.2 point from the prior report and reaching the highest level of inflation since December 2016. Canada
Monetary Policy
Mar. 2019: 1.75%
While the Bank of Canada left rates unchanged, policymakers adopted more dovish language when issuing their forward guidance. Canada
Purchasing Managers' Index
Feb. 2019: 50.6
The Ivey Purchasing Managers' Index fell in February from 54.7 to 50.6. United States
Oil Inventories
March 01: 452.9 mil barrels
A much larger than expected increase in crude oil inventories will put downward pressure on oil prices. Argentina
Industrial Production - Advance
Jan. 2019: -10.8%
Industrial output contracted 10.8% y/y in January not seasonally adjusted, after a 14.8% y/y drop in December. United States
Beige Book
Mar. 2019:
The Federal Reserve’s Beige Book detailing economic activity from late January through February indicates that economic activity growth ranged from flat to moderate in all 12 districts. Australia
Foreign Trade
Jan. 2019:
Australia
Retail Sales
Jan. 2019:
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