| Today's Economy
Economic Roundup: U.S. Initial Claims Decline; ECB Gets Aggressive Unemployment numbers ease concern about U.S. economy while the ECB sees 75 as the new 25. U.S. Car Prices Should Be a Drag on CPI in August There are more signs that used-car prices are moving in the right direction. Capital Market View: U.S. Economic Data Coming In Better Than Expected This could give the Fed a window to hike by 75 basis points later this month. LatAm Daily Briefing: Brazil’s Economy Surprises Positively The nation stays on a path of robust growth ahead of the presidential election. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Inflation Tracker: Far From a Fed Victory July’s CPI and PCE deflator prints, like June’s, benefited from the comedown in energy prices. U.S. Chartbook: A Step in the Right Direction The Fed got what it wanted in the August jobs report, but further cooling is needed to quell wages and prices. U.S. Weekly Highlights and Preview, September 6, 2022 The nominal trade deficit likely narrowed in July. ECB Preview: Even Bigger Hike Coming A 75-basis point rate increase is likely on Thursday, and tightening will continue through the autumn. » VIEW MORE COMMENTARY
Today's Economic Indicators
Switzerland
Unemployment rate
Aug. 2022: 2.1%
Switzerland’s seasonally adjusted unemployment rate decreased to 2.1% in August from 2.2% in July. Malaysia
Monetary policy
Sep. 2022: 2.50%
Bank Negara Malaysia raised its overnight policy rate by 25 basis points to 2.5%, in line with both our and market expectations. Ireland
Consumer Price Index
Aug. 2022: 8.7% y/y
Irish inflation dropped for the first time since February 2021, printing 8.7% in August after 9.1% in July. Mexico
Consumer Price Index
Aug. 2022: 8.70% y/y
Annual inflation in Mexico climbed high in August as consumer prices remain under pressure from a deterioration in expectations. Chile
Consumer Price Index
Aug. 2022: 14.09% y/y
As expected, annual inflation continued to escalate high in double-digit territory as prices remained under pressure and expectations deteriorated. Euro Zone
Monetary Policy
Sep. 2022: 1.25%
The European Central Bank increased its three policy rates by 75 basis points during its September meeting. United States
Moody's Analytics Beige Book Index
Sep. 2022: 61.1
The Moody’s Analytics Beige Book Index fell from 122.2 in July to 61.1 in September. United States
Jobless Claims
September 03: 222,000
U.S. initial claims for unemployment insurance benefits are volatile around holidays, but the trend has clearly improved and the strength of the labor market provides the Federal Reserve cover to continue to aggressively raise interest rates. United States
St. Louis Fed Financial Stress Index
September 02: -1.59
U.S. financial conditions deteriorated last week with the St. United States
Quarterly Services Survey
2022Q2:
U.S. service industries posted solid revenue growth in the second quarter. United States
Natural Gas Storage Report
September 02: 54 bil cubic feet
Last week’s build in gas stocks was just below analyst expectations, so this report will have little impact on gas prices. United States
Oil Inventories
September 02: 427.2 mil barrels
A large, unexpected increase in crude oil stocks will likely put additional downward pressure on oil prices. United States
Consumer Credit (G19)
Jul. 2022: $23.8 bil
The stock of consumer credit outstanding added $23.8 billion in July, falling well short of consensus expectations for a $33 billion gain. Philippines
Foreign Trade
Jul. 2022:
China
Consumer Price Index
Aug. 2022:
China
Producer Price Index
Aug. 2022:
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