Today's Economy LatAm Daily Briefing: Argentina’s Inflation Expectations Problem The government must set realistic anti-inflationary policies and take a more aggressive money-tightening stance. High Economic Stakes Force Austria to Walk a Tightrope The country's chancellor confronts Putin over war crimes, while its fortunes remain closely tied to Russia. Capital Market View: Getting Over the Hump U.S. inflation has peaked but now comes the hard part for the Fed. Europe Daily Briefing: ZEW Sentiment Drops The April indicator for economic expectations fell to its lowest since March 2020. » VIEW MORE TODAY'S ECONOMY
Commentary Greece Outlook: Perpetual Crises Inflation and the Ukraine conflict pave the way for elections next year. U.S. CPI by Demographics: March Update Assessing historically high inflation's impact on various groups. Euro Zone Outlook: Monetary Policy on a Knife-Edge We expect the ECB to hike later this year, but this could change. Initial Takeaways From the 2021 U.S. Metro Population Data Regional patterns are generally consistent with how caution toward the pandemic varied across the country. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany Consumer Price Index Mar. 2022: 7.3% y/y Germany’s inflation rate jumped to 7.3% y/y in March, lifted by sky-high energy prices. China Monetary Aggregates Mar. 2022: 9.7% y/y China’s M2 money supply growth rebounded to 9.7% y/y in March from the previous month’s 9.2%. United Kingdom Unemployment Feb. 2022: 3.8% The U.K. unemployment rate fell to 3.8% in the February quarter from 4.1% in the previous stanza. Portugal Consumer Price Index Mar. 2022: 5.3% Portugal’s CPI rose to 5.3% y/y in March, up from 4.2% in February. United States NFIB Small Business Survey Mar. 2022: 93.2 The NFIB Small Business Optimism Index fell from 95.7 in February to 93.2. India Consumer Price Index Mar. 2022: 7% y/y India’s CPI soared from 6.1% y/y in February to 7% in March, staying well above the upper limit of the long-term target band pursued by the Reserve Bank of India. India Industrial Production Feb. 2022: 1.7% y/y India's industrial production index held relatively steady, up 1.7% y/y in February, compared with 1.3% in January. United States Consumer Price Index Mar. 2022: 1.2% m/m The March U.S. consumer price index increases the odds of a 50-basis point increase in the target range for the fed funds rate in May as the Fed falls further behind the curve. United States State and Local Government Tax Revenue 2021Q4: 22.5% y/y State tax collections blew past expectations in the fourth quarter, rising 22.5% nationally from a year earlier. United States Moody’s Analytics Policy Uncertainty Index April 08: 379.8 4-wk MA The four-week moving average in our U.S. United States Treasury Budget Mar. 2022: -$192.7 bil Federal fiscal conditions are so far improving from fiscal 2021, when the economy was weaker and fiscal policy was in overdrive. South Korea Employment Mar. 2022: Japan Machinery Orders Feb. 2022: China Foreign Trade Mar. 2022: New Zealand Monetary Policy Apr. 2022: » VIEW MORE ECONOMIC INDICATORS |