| Today's Economy
Economic Roundup: Higher Mortgage Rates Should Help Rebalance U.S. Housing Market Existing-home sales slipped in March but further declines are coming. LatAm Daily Briefing: Is Venezuela Fixed? Despite encouraging trends, the nation still has a long way to go before achieving true economic stability. Older Americans' Inflated Pain The economic whirlwind of the past two years has been especially turbulent for older Americans. Europe Daily Briefing: Euro Zone Industry Rebounds Output recovered by 0.7% m/m in February. » VIEW MORE TODAY'S ECONOMY
Commentary
Road to Recession: How to Break the Expansion The Federal Reserve has a daunting task ahead to soft-land the proverbial economic plane. U.S. Commodities Outlook: The Wild Card The world simply does not know how to replace Russia’s oil supply in the short term. Australia Risk Matrix Update: Inflation and Commodity Prices Challenges plague the upbeat outlook. High Dairy Prices Support New Zealand’s Export Sector Kiwi farmers are milking high prices compared to Europe and the U.S. » VIEW MORE COMMENTARY
Today's Economic Indicators
Euro Zone
Industrial Production
Feb. 2022: 0.7% m/m
The euro zone’s industrial production recovered by 0.7% m/m in February after a downwardly revised 0.7% decline in January. Euro Zone
External Trade
Feb. 2022: -€7.6 bil
Not seasonally adjusted, the euro zone’s trade balance fell into a deficit of €7.6 billion this February from a surplus of €23.6 billion a year earlier. United States
MBA Mortgage Applications Survey
April 15: -5.0%
Mortgage application volume has contracted for six consecutive weeks, a function of rising borrowing costs. Canada
Consumer Price Index
Mar. 2022: 6.7% y/y
Elevated housing prices, strained global supply chains, and military conflict in Eastern Europe are intensifying inflationary pressures. Canada
New Housing Price Index
Mar. 2022: 11.0% y/y
The new-home price index was up 11% from a year earlier in March. United States
Existing-Home Sales
Mar. 2022: 5.77 mil, SAAR
Existing-home sales declined 2.7% in March to 5.77 million units annualized, compounding February’s loss and falling to their lowest level since July 2020. United States
Oil Inventories
April 15: 413.7 mil barrels
An unexpected drop in oil inventories last week should support high oil prices. United States
Beige Book
Apr. 2022:
The U.S. economy advanced at a moderate pace, according to Beige Book anecdotes collected from the Federal Reserve districts. New Zealand
Consumer Price Index
2022Q1:
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