| Today's Economy
Economic Roundup: Service Sector Contracts Again The headline index for the Philly Fed's Nonmanufacturing Survey rose in May but remained negative. Europe Daily Briefing: Morale Boost? Easing tariff-related worries pull up consumer sentiment in May, but consumers are still anxious. LatAm Daily Briefing: Region Outperformed Expectations in Q1 Moody's Analytics expects the region to grow 2% in 2025. Asia-Pacific Daily Briefing: Australia's Central Bank Delivers Its Second Rate Cut of 2025 The bank sees underlying inflation dropping to 2.6% y/y by mid-2025. » VIEW MORE TODAY'S ECONOMY
Commentary
Global Outlook: From Tariffs to Deals The détente with China is welcome, but tariffs are here to stay. Japan Risk Matrix: Uncertainty Abounds Geopolitical rifts, trade tensions, and possible supply-chain disruptions top Japan's risks. U.S. Chartbook: The Calm Before the Storm Consumer price inflation is nearing the Fed’s target, but recent data do not capture the impact of tariffs. Japan’s Growth Woes Demand More Than Consumption Tax Tweaks Broad-based consumption tax cuts may not be the right policy; doing nothing would be worse. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia
Foreign Trade
Apr. 2025: MYR5.2 bil
Malaysia’s trade surplus was MYR5.2 billion in April, down from MYR24.8 billion in March. Australia
Monetary Policy
May. 2025: 3.85%
At its May meeting, the Reserve Bank of Australia lowered the cash rate from 4.1% to 3.85%. Hong Kong SAR (China)
Employment Situation
Apr. 2025: 3.4%
In the three months to April, Hong Kong's seasonally adjusted unemployment rate averaged 3.4%, a 0.2-percentage point increase from the prior month’s print. Canada
Consumer Price Index
Apr. 2025: 1.7% y/y
Headline CPI inflation slowed sharply in April following the removal of the consumer carbon tax. United States
Philadelphia Fed Nonmanufacturing Survey
May. 2025: -16.3
According to the Philly Fed Nonmanufacturing Business Outlook Survey, service-sector activity contracted again in May. New Zealand
Foreign Trade
Apr. 2025:
Japan
Foreign Trade
Apr. 2025:
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