| Today's Economy
Europe Daily Briefing: Bank of England Calls Off the Rate Hike In line with our expectations, policymakers kept the key rate unchanged at 0.5%. Malaysia's Election Result Represents a Major Shift Near-term financial market volatility is expected as the new political landscape emerges. China's Inflation Picture Is Subdued June quarter GDP growth is tracking at 6.4% y/y following the April inflation data. Asia-Pacific Daily Briefing: Steady as She Goes for Chinese Inflation Inflation is tepid and near-term pressures are soft. » VIEW MORE TODAY'S ECONOMY
Commentary
Asia-Pacific Weekly Highlights and Preview, 11 May, 2018 Japan's GDP growth likely hit 0.2% in Q1; China's April activity data are upbeat, with soft spots. GSE Reform Is Dead—Long Live GSE Reform! Time is running out for the U.S. Congress to pass legislation reforming Fannie Mae and Freddie Mac. Trump's Iran Oil Sanctions Won't Bite as Much as Obama's Withdrawal from the nuclear deal has already been priced in by traders. Global Outlook: Are Developed Economies Taking a Breather? Base effects ensure growth in most economies, but the U.S. will ease this year. » VIEW MORE COMMENTARY
Today's Economic Indicators
World
Moody's Analytics Global CPI
Apr. 2018: 0.3%
The weakness in global consumer prices in March proved to be a fluke. Italy
Industrial Production
Mar. 2018: 1.2%
Italy’s industrial production beat expectations in March, gaining 1.2% m/m following declines in January and February. United Kingdom
Industrial Production
Mar. 2018: 0.1%
U.K. industrial production printed at 0.1% m/m in March, repeating the same rate from February and in line with our expectations. Brazil
Consumer Price Index
Apr. 2018: 2.76%
Annual inflation remains well below the 4.5% for an economy moving up toward potential. Canada
New Housing Price Index
Mar. 2018: 2.4%
New-home prices are at a standstill. United States
Jobless Claims
May 05: 211,000
The labor market engine is running smoothly. United States
Consumer Price Index
Apr. 2018: 0.2%
Growth in U.S. consumer prices came in a touch weaker than we expected in April, but the implications for monetary policy are minimal. United Kingdom
Monetary Policy and Minutes
May. 2018: 0.5%
In line with our expectations, the Bank of England refrained from a rate hike at its May meeting and kept the key rate at 0.5% while keeping the asset-purchase program unchanged. United States
Tech Pulse
Apr. 2018: 90.3
April proved to be another good month for the U.S. tech sector. United States
St. Louis Fed Financial Stress Index
May 04: -1.06
Financial market stress softened last week. United States
Moody’s Analytics Policy Uncertainty Index
May 04: 120.7
U.S. economic policy uncertainty remains elevated because of the dynamics in Washington DC. United States
Natural Gas Storage Report
May 04: 89 bil cubic feet
Working gas in underground storage rose by 89 billion cubic feet during the week ended May 4. China
Monetary Aggregates
Apr. 2018:
United States
Treasury Budget
Apr. 2018: $214.3 bil
The federal government has incurred a cumulative budget deficit of $385.4 billion in the first seven months of fiscal 2018, compared with $344.4 billion over the same time last year. » VIEW MORE ECONOMIC INDICATORS | 