| Today's Economy
Economic Roundup: No Quick Cure for U.S. Housing's Recent Struggles Rise in mortgage rates will weigh on sales through the rest of this year. September U.S. New-Home Sales Were a Dud Revisions were unkind, and the trend has weakened. Europe Daily Briefing: Bad News for the Euro Zone Economy The plunge in the services sector gauge is particularly worrisome. Cutting U.S. Aid to Central America Could Backfire Trump is trying to stop migration to the U.S., but reducing aid could increase it. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Credit Outlook: Mortgage Demand Fading Pockets of strength are scattered across the country. U.S. Chartbook: Florence Leaves a Mark There was plenty of data to digest, while the Fed stated the obvious. U.S. Weekly Highlights and Preview, October 19, 2018 There is little evidence that equity market turmoil has affected the economy. Anatomy of the USMCA Our summary report highlights the changes in the new NAFTA deal. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
MBA Mortgage Applications Survey
October 19: 4.9%
Mortgage applications jumped last week, even as rates rose, but the overall trend remains negative. United States
FHFA Purchase-Only House Price Index
Aug. 2018: 6.1%
The Federal Housing Finance Agency Purchase-Only House Price Index increased 6.1% in August on a year-ago basis, slightly slower than July's increase. Mexico
Employment Situation
Sep. 2018: 3.6% Unemployment
Mexico’s unemployment increased in September as more temporary jobs were cancelled. Canada
Monetary Policy
Oct. 2018: 1.75%
With the uncertainty surrounding North American trade lifting and the economy operating near potential, the Bank of Canada is tightening monetary policy. United States
New-Home Sales
Sep. 2018: 553,000
New-home sales continued to slide in September, coming in 5.5% below revised August totals and 13.2% below September 2017 levels. United States
Oil Inventories
October 19: 422.8 mil barrels
U.S. crude oil inventories rose by 6.3 million barrels in the week ended October 19, surpassing expectations of a 3.5 million-barrel build. United States
Moody’s Analytics Policy Uncertainty Index
October 19: 98.3
U.S. economic policy uncertainty is off its recent highs, but the implications for growth are minimal. United States
Beige Book
Oct. 2018:
The Federal Reserve’s October Beige Book, tracking economic activity through mid-October, suggests that economic activity expanded at a modest to moderate pace across districts. Argentina
Retail Sales Index
Aug. 2018: 23.2%
The index that tracks nominal sales at Buenos Aires’ largest shopping centers increased 23.2% y/y in August, after a similar increase in July. New Zealand
Foreign Trade
Sep. 2018:
South Korea
GDP
2018Q3:
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