| Today's Economy
Economic Roundup: Fed Remains in Wait-and-See Mode According to minutes from May’s meeting, Fed officials remain hesitant to adjust rates amid rising recession and inflation risks. Europe Daily Briefing: Clouds Ahead France avoided a contraction in the first quarter, but the outlook is still worrisome. Global Economy Unwrapped Podcast: It's No Big Deal! The U.K. is on a roll in terms of deal-making, but are the newfound deals a game changer? Asia-Pacific Daily Briefing: Australian Inflation Holds at 2.4% y/y in April New Zealand's central bank cut interest rates, and like the RBA, it will likely cut again. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Chartbook: More Signs of the Slowdown Economic indicators point to weakening in labor markets and service industries. Trade War Tracker: Halfway There Halfway through a 90-day pause, the Trump administration has reached two agreements. U.S. Outlook: Unsure The economic outlook has rarely been this uncertain. March Data Confirm Some U.S. Front-Loading of European Imports Assessing the early evidence of the U.S. front-loading some European imports ahead of tariffs. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany
Unemployment
May. 2025: 6.3%
Germany’s labour market deteriorated further in May, continuing a trend started in mid-2022. Taiwan (China)
GDP
2025Q1: 1.8% q/q
Taiwan’s real GDP growth for the first quarter was revised down to 1.8% q/q from the advance estimate of 2.3%. France
GDP
2025Q1: 0.1% q/q
Final estimates confirm that France’s economy grew 0.1% quarter over quarter in the first quarter after contracting 0.1% in the fourth quarter. Belgium
Consumer Price Index
May. 2025: 2.0% y/y
Belgium’s CPI inflation dropped to 2% y/y in May from 2.6% in April. United States
MBA Mortgage Applications Survey
May 23: -1.2%
The Mortgage Bankers Association’s composite index of mortgage applications declined a modest 1.2% in the week ending May 23. India
Industrial Production
Apr. 2025: 2.7% y/y
India's industrial production rose 2.7% over the year in April, down from 3.9% in March. United States
Richmond Fed Manufacturing Survey
May. 2025: -9
In May, factory activity in the Federal Reserve’s Fifth District weakened. United States
Texas Service Sector Outlook Survey
May. 2025: -4.7
Texas service sector activity, as measured by revenue, fell in May, but most other indicators improved. United States
FOMC Minutes
May. 2025:
Minutes from May’s meeting of the Federal Open Market Committee show how policymakers are navigating a quickly evolving economic landscape. South Korea
Monetary Policy
May. 2025:
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