Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Wednesday, April 22, 2020

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

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