| Today's Economy
Economic Roundup: Another Step Closer The Fed could announce a decision on the balance sheet in September. Normalizing the Fed's Balance Sheet Could Take a Bumpy Road Geopolitical risks could play a major role. Making Sense of the Mixed Messages on U.S. Vehicle Sales Retail and unit sales are not an apples-to-apples comparison. Italy's Economy Has a Stellar First Half Second quarter real GDP growth was twice our estimate, but a pullback is likely in the second half.
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Commentary
China Outlook: Government Takes Over The economy has been performing adequately as Beijing stems short-term risks. Venezuela Outlook: Hyperinflation Sets In The political crisis is prolonging an economic depression. U.S. Regional Outlook: Good News Across the Country Only the West has slowed considerably over the past year, at least as measured by job growth. Scandinavia Outlook: Uneven Growth, but a Positive Future The Nordic countries are charting different paths. » VIEW MORE COMMENTARY
Today's Economic Indicators
Thailand
Monetary Policy
Aug. 2017: 1.5%
Easing inflation and stronger exports are allowing the Bank of Thailand to sit on the sidelines. India
Wholesale Price Index
Jul. 2017: 1.9%
United Kingdom
Unemployment
Jul. 2017: 4.4%
Beating all expectations, the U.K. unemployment rate fell again, this time to an impressive 4.4% in the June quarter, its lowest since 1975. United States
MBA Mortgage Applications Survey
August 11: 0.1%
Mortgage applications increased marginally last week, as most rates declined or held steady. Canada
International Transactions in Securities
Jun. 2017: -C$0.92 bil
Foreign investors lowered their holding of Canadian securities for the first time in nearly two years in June. United States
New Residential Construction (C20)
Jul. 2017: 1.155 mil
July was another disappointing month for residential construction. Housing starts fell 4.8% below June totals and are 5.6% below starts from July 2016. United States
NAR Metro Prices
2017Q2: 6.2%
House prices continued to increase at a brisk pace in the second quarter, according to the National Association of Realtors metro area report. United States
Oil Inventories
August 11: 466.5 mil barrels
A much larger than expected decline in crude oil inventories will put upward pressure on prices. United States
FOMC Minutes
Jul. 2017:
The minutes from the July meeting of the Federal Open Market Committee signaled that the announcement on the unwinding of the balance sheet could occur in September, but it is not a slam dunk. Japan
Foreign Trade
Jul. 2017:
Singapore
Foreign Trade
Jul. 2017:
Australia
Employment Situation
Jul. 2017:
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