Today's Economy Economic Roundup: Show Me the Data! U.S. economic data will need to justify another rate cut; Powell's not worried about the repo market. Europe Daily Briefing: Bank of England Won't Cut This Year Underlying inflation pressures should build this year and into the next. Equity Analysts May Be Too Optimistic Regarding Containment of Labor Costs The high-yield bond market has yet to exhibit the high anxiety of equities. Asia-Pacific Daily Briefing: Devil in the Details in Japan's Trade Data Japan's narrower trade deficit masks weakness in imports and exports to major trade partners. » VIEW MORE TODAY'S ECONOMY
Commentary Plumbing Clogged in Repo Markets Bad timing and technical issues are likely to blame rather than a crisis of confidence. U.S. Chartbook: Keep Calm and Shop On Consumers' pocketbooks stay open in the face of rising headwinds. After Attack in Saudi Arabia, Code Red The attack on the Saudi oil infrastructure brings Saudi Arabia, Iran and the U.S. to the brink. Global Outlook: In the Downswing Recession fears increase as trade uncertainty and geopolitical risks linger. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom Consumer Price Index Aug. 2019: 1.7% The U.K.’s CPI inflation cooled to 1.7% y/y in August from 2.1% in July, below our expectations and marking the lowest reading since late 2016. Euro Zone Consumer Price Index Aug. 2019: 1.0% Final numbers confirmed that euro zone inflation held steady at 1% y/y in August, in line with the initial estimate. United States MBA Mortgage Applications Survey September 13: -0.1% Mortgage applications ticked down 0.1% over the week of September 13, with the refinance and purchases indexes moving in opposite directions. United States New Residential Construction (C20) Aug. 2019: 1.364 mil Housing starts recovered in August, gaining 12.3% above the revised July estimate and being 6.6% above total starts from August 2018. Canada Consumer Price Index Aug. 2019: 1.9% Consumer price inflation softened slightly in August as gasoline and food prices dipped lower. Russian Federation Retail Sales Aug. 2019: 0.8% Retail sales growth slowed to 0.8% y/y in August from 1% in July. Russian Federation Unemployment Aug. 2019: 4.3% United States Moody’s Analytics Policy Uncertainty Index September 13: 143.6 The four-week moving average in our U.S. policy uncertainty index continues to increase as it climbed from a revised 143 to 143.6 in the week ended September 13. United States Oil Inventories September 13: 417.1 mil barrels Commercial crude oil inventories increased by 1.1 million barrels in the week ending September 13, according to the Energy Information Administration. United States FOMC Monetary Policy Sep. 2019: 1.75 to 2.00% Divided they cut. Brazil Monetary Policy Sep. 2019: New Zealand GDP 2019Q2: Australia Employment Situation Aug. 2019: » VIEW MORE ECONOMIC INDICATORS |