| Today's Economy
Economic Roundup: Mixed Messages on Global Inflation Canadian inflation slowed, but this doesn’t guarantee further rate cuts. Europe Daily Briefing: Inflationary Bind Euro zone price dynamics were disappointingly sticky in July. Asia-Pacific Daily Briefing: Kiwi Trade Balance Swings Back to Deficit in July Exports and imports both jumped from a year earlier. Economic Roundup: Looking Ahead The economic calendar is light at the start of the week but will pick up with eyes fixed on Powell's speech at Jackson Hole on Friday. » VIEW MORE TODAY'S ECONOMY
Commentary
Moody’s Analytics Methodology for Forecasting Foreclosure Inventories Moody’s Analytics and RealtyTrac have partnered to create a comprehensive U.S. foreclosure time series database for the national, state and metro area levels. U.S. Employment Outlook: Don't Panic...Yet Job growth will moderate throughout 2024, and our forecast for the second half of the year is little changed. Stress-Testing States: Looking Toward the Next Recession At least 36 U.S. state governments have the cash balances needed to weather at least a moderate downturn, with five more within striking distance. U.S. Chartbook: Have a Little Confidence The latest CPI report set the stage for a September rate cut, but sentiment remains poor. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
Moody's CMBS Delinquency Tracker
Jul. 2024: 6.36%
The Moody’s Delinquency Tracker total delinquency rate jumped 40 basis points to 6.36% in July. Austria
Consumer Price Index
Jul. 2024: 2.9% y/y
Austria’s CPI inflation rate eased to 2.9% year over year in July from 3% in June. Sweden
Monetary Policy
Aug. 2024: 3.5%
Sweden’s Riksbank cut its one-week repo rate by 25 basis points to 3.5% at its August meeting. Hong Kong SAR (China)
Consumer Price Index
Jul. 2024: 2.5% y/y
Hong Kong's headline composite consumer price index rose 2.5% year over year in July, surpassing the 1.5% reading in June. Euro Zone
Consumer Price Index
Jul. 2024: 2.6% y/y
The euro zone’s headline HICP inflation rate was confirmed at 2.6% y/y for July, up from 2.5% in June. Mexico
Retail & Wholesale Sales
Jun. 2024: -3.9% y/y
Retail sales lost steam in June as spending on political campaigns diminished and temporary jobs were cancelled after the elections. United States
Philadelphia Fed Nonmanufacturing Survey
Aug. 2024: 8.3
In August, service sector activity improved, according to the Philly Fed’s Nonmanufacturing Business Outlook Survey. Canada
Consumer Price Index
Jul. 2024: 2.5% y/y
Headline CPI inflation continued to slow in July, though the improvement may not be enough to convince the Bank of Canada to cut rates again at its next meeting in September. Canada
New Housing Price Index
Jul. 2024: 0.1% y/y
National new-house prices increased slightly in July compared with the previous month. Japan
Foreign Trade
Jul. 2024:
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