Today's Economy Economic Roundup: Blurred Lines Treasury is set for an issuance binge and it may ultimately end up at the Fed. LatAm Daily Briefing: Mexico's One-Armed Warrior The central bank acts again, but AMLO shies away from fiscal stimulus. Europe Daily Briefing: U.K. Inflation Will Feel a Chill Noncore inflation will hit the headline the most, though core inflation will also cool. Low Gasoline Prices Benefit U.S. Consumers – A Little With driving down so much, plunging pump prices aren't much help for households. » VIEW MORE TODAY'S ECONOMY
Commentary The Fed-Treasury Relationship Could Get Complicated The Fed may need to formally adopt yield curve control soon. New Zealand Outlook: COVID-19 Is a Ferocious Blow The economy is in the midst of a recession. Analyzing the U.S. Fiscal Response to COVID-19 Despite the historic size of the economic rescue so far, it is at best a Band-Aid on a gaping wound. Oil Goes Negative The American economy must reopen for oil prices to find a bottom. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom Consumer Price Index Mar. 2020: 1.5% The U.K.’s CPI inflation fell to 1.5% y/y in March from 1.7% in February. United States MBA Mortgage Applications Survey April 17: -0.3% Mortgage applications decreased by 0.3% over the week of April 17, after increasing by 7.3% in the previous week. Canada Consumer Price Index Mar. 2020: .9% Consumer price inflation plummeted as the COVID-19 pandemic took hold of the Canadian economy. Canada New Housing Price Index Mar. 2020: 0.9% New-home prices in Canada posted a second consecutive month of strong growth in March, rising 0.3% m/m compared with 0.4% in February. United States FHFA Purchase-Only House Price Index Feb. 2020: 5.7% The Federal Housing Finance Agency Purchase-Only House Price Index increased 5.7% on a year-ago basis in February. Peru Consumer Price Index Mar. 2020: 1.8% Inflation in the Lima metropolitan area rose 1.8% in March on a year-ago basis, 0.1 percentage point less than the annual inflation rate in February. Russian Federation Industrial Production Mar. 2020: 0.3% Russian industrial production tumbled to a meagre 0.3% year-ago increase in March, bringing the overall first-quarter reading down to just 1.5%. United States Oil Inventories April 17: 518.6 mil barrels Massive builds in crude oil inventories now seem unstoppable, as domestic demand continues to fall off a cliff because of travel restrictions across the country. South Korea GDP 2020Q1: China Industrial Production Mar. 2020: » VIEW MORE ECONOMIC INDICATORS |