Economy.com: Daily Update
| Today's Economy
LatAm Daily Briefing: El Salvador’s Crypto Experiment Failing The nation’s Bitcoin gamble doesn’t seem to be paying off. Economic Roundup: Is U.S. Housing Cooling? U.S. new-home sales came in soft, though the data should be taken with a grain of salt. Capital Market View: Possible Pause Markets are slowly dialing back their expectations for Fed tightening. Drop in U.S. New-Home Sales Looks Overstated Something happened in April that has never happened before. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Chartbook: Some Big Tests Ahead Retail sales and industrial production performed well last month, but the outlook for each is mixed. Rapid Commodity Price Appreciation: A Double-Edged Sword South Africa may not be able to take full advantage of opportunities to grow some key exports. U.S. Credit Outlook: Consumer Installment Soaring Accelerating inflation and a policy misstep would be near-term obstacles. U.S. Weekly Highlights and Preview, May 23, 2022 New-home sales likely declined in April, while jobless claims rise. » VIEW MORE COMMENTARY
Today's Economic Indicators
Finland
Unemployment rate
Apr. 2022: 6.9%
Finland’s not seasonally adjusted unemployment rate dropped to 6.9% in April from 9.6% a year earlier. Indonesia
Monetary Policy
May. 2022: 3.50%
Bank Indonesia kept its seven-day reverse repurchase rate unchanged at 3.5% at its May meeting. United States
Philadelphia Fed Nonmanufacturing Survey
May. 2022: 22.8
Nonmanufacturing activity in the Federal Reserve’s Third District continues to expand, though the pace cooled a touch in May. United States
New-Home Sales
Apr. 2022: 591,000 SAAR
U.S. new-home sales came in at 591,000 annualized units in April, coming in well below the revised 709,000 annualized units in March. United States
Richmond Fed Manufacturing Survey
May. 2022: -9
Manufacturing activity in the Richmond Federal Reserve District declined in May. United States
Moody’s Analytics Policy Uncertainty Index
May 20: 376.8 4-wk MA
The four-week moving average in our U.S. Argentina
Retail Sales Index
Mar. 2022: 109.6% y/y
The index that tracks nominal sales at Buenos Aires’ largest shopping centers increased 110% y/y in March, after 123% in the previous month. Singapore
GDP - Advanced
2022Q1:
New Zealand
Monetary Policy
May. 2022:
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