Today's Economy Capital Market View: Spreads Mixed; Issuance Picks Up Some calm in the financial markets causes companies to tap corporate bond market. LatAm Daily Briefing: Uruguay’s Monetary Policy Hits a Bump The CPI hits new heights despite the central bank’s aggressive actions. Europe Daily Briefing: Irish Inflation Holds Steady for Now Irish inflation stands pat in July. Drought and Heat Cause More Problems Across Europe High temperatures and low water levels are exacerbating supply shortages. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. CPI by Demographics: July Update The reduction in gas prices delivers relief for some demographic groups more than others. RBNZ Preview: Full Throttle Ahead The Reserve Bank of New Zealand is expected to raise the official cash rate by 50 basis points. Russia-Ukraine Tracker: Nuclear Fears but Grain Relief Shelling of the largest nuclear facility in Europe raised concerns as wheat leaves Ukraine. Translating Regional Inflation Differences to States Expenditure categories and consumption patterns shine a light on divergence across the U.S. » VIEW MORE COMMENTARY
Today's Economic Indicators
Ireland Consumer Price Index Jul. 2022: 9.1% y/y Irish inflation did not record an increase for the first time during the last twelve months: Inflation stayed pat at 9.1% in July. Mexico Industrial Production Jun. 2022: 3.8% y/y Industrial production in Mexico advanced further in June, showing recovery. United States Producer Price Index Jul. 2022: -0.5% m/m The U.S. United States Jobless Claims August 06: 262,000 At first glance, the recent increase in initial claims for unemployment insurance benefits suggests that the labor market is beginning to show signs of weakness, but this is misleading. United States St. Louis Fed Financial Stress Index August 05: -2.19 Financial market stress decreased last week as the St. United States MBA Delinquency Rates 2022Q2: 3.64% Mortgage delinquency rates dropped 47 basis points to 3.64% in the second quarter of 2022, according to the Mortgage Bankers Association's survey. United States NAR Metro Prices 2022Q2: 14.2% y/y The median price of an existing single-family home climbed 14.2% from a year earlier, according to the National Association of Realtors. World Moody's Analytics Global CPI Jul. 2022: 1.0% m/m Moody’s Analytics estimate of global inflation rose to 21.2% y/y in July from 20.8% in June. United States Natural Gas Storage Report August 05: 44 bil cubic feet Last week’s build in gas stocks only slightly exceeded expectations, so this report will not play much of a role in moving prices. Uruguay Industrial Production Jun. 2022: 3.6% y/y Uruguay's industrial production slowed after recording a yearly increase of 3.6% in June, lower than the 12% gain in May. Mexico Monetary Policy Aug. 2022: 8.50% Mexico’s central bank prescribed another rate hike in August as inflation continued to climb high. Argentina Consumer Price Index Jul. 2022: 71.0% y/y The Argentine statistics office’s national consumer price index increased 7.4% m/m in July, compared with 3% a year earlier. » VIEW MORE ECONOMIC INDICATORS |