| Today's Economy
Economic Roundup: Dueling Tax Plans The Senate's proposal calls for a delay of the corporate tax cut until 2019. U.S. Senate Tax Plan Veers From House Version on Key Points The latest proposal is still likely to increase the national debt over a 10-year period. Closing the Euro Area Output Gap It's been a boom year, but moderation is on the horizon. Normalizing Fed's Balance Sheet Begins With a Single Step Treasuries are on autopilot, but the Fed's MBS holdings have an added wrinkle. » VIEW MORE TODAY'S ECONOMY
Commentary
Asia-Pacific Weekly Highlights and Preview, 10 November, 2017 Japan's GDP growth likely hit 0.3% q/q in the third quarter, weaker than the burly 0.6% pace in Q2. A New Measure of the Debt Service Ratio The ratio from CreditForecast tells the same story as the measure from the Federal Reserve. U.S. Consumer Outlook: Saving Will Keep Falling Wealth effects, high confidence, modest income growth, and demographics will drive the trend. Macro Roundup: Australia's Weaker Inflation Outlook Updated weights used to calculate the CPI suggest a softer path for headline inflation through 2018. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany
Foreign Trade
Sep. 2017: €21.8 bil
Germany's trade surplus expanded to €21.8 billion in September from €21.3 billion in the previous month and from €20.2 billion in September 2016. OECD
Composite Leading Indicators
Sep. 2017: 100.2
The OECD composite leading indicator edged higher in September, rising to 100.2 after hovering at 100.1 the previous two months. Canada
New Housing Price Index
Sep. 2017: 3.8%
Canadian new-home prices are advancing, albeit at a modest pace. United States
Jobless Claims
November 04: 239,000
The labor market engine is running smoothly. Mexico
Consumer Price Index
Oct. 2017: 6.37%
Mexico’s inflation remained above the 6% mark, despite the declining trend in the past two months. United States
St. Louis Fed Financial Stress Index
November 03: -1.6
Financial stress conditions reversed course last week, falling sharply to -1.6 and tying a record low. United States
Wholesale Trade (MWTR)
Sep. 2017: 0.3%
Stockpile growth moderated in September but will still contribute positively to third quarter output. United States
Natural Gas Storage Report
November 03: 15 bil cubic feet
The increase in natural gas inventories was roughly in line with what industry analysts were expecting, and will have little effect on natural gas prices. Philippines
Industrial Production
Sep. 2017:
China
Monetary Aggregates
Oct. 2017:
Mexico
Monetary Policy
Nov. 2017: 7.00%
The central bank is keeping monetary conditions unchanged, as financial volatility has returned. Japan
Industry Activity Indexes
Sep. 2017:
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