| Today's Economy
Lower Mortgage Rates Boost U.S. Existing-Home Sales Consumer confidence will be increasingly important for sales. Germany Faces Down Its Black Zero Policy Budget orthodoxy is put into question as the threat of recession grows. Preliminary U.S. Employment Revisions Sting Average monthly job growth between April 2018 and March 2019 now is much weaker. Europe Daily Briefing: U.K. Fiscal Situation Is Deteriorating The budget surplus shrank in July, a month it typically grows. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Household Credit Data Analysis Read our comparative analysis of household credit data from the New York Fed and Moody’s Analytics. U.S. Consumer Outlook: Trade War Threatens Household Balance Sheets There will be less wealth effect spending. Forecaster’s Mailbag: Lowering Expectations Animal spirits are subdued, and global recession fears have increased. U.S. Chartbook: Tariff Tremors Recession fears shook financial markets as the trade war dragged on and global growth soured. » VIEW MORE COMMENTARY
Today's Economic Indicators
Mexico
Retail & Wholesale Sales
Jun. 2019: 1.0%
Household consumption in Mexico continues to underperform, advancing at a very slow rate in June. United States
MBA Mortgage Applications Survey
August 16: -0.9%
Mortgage applications dipped 0.9% over the week ending August 16, following a surge in the previous week triggered by an outbreak of refinancing. Canada
Consumer Price Index
Jul. 2019: 2%
Consumer price inflation remains right on the Bank of Canada's target in July. United States
Existing-Home Sales
Jul. 2019: 5.42 mil
Existing-home sales recovered in July; sales increased 2.5% for the month and by 0.6% from a year earlier. United States
Oil Inventories
August 16: 437.8 mil barrels
A larger than expected decline in oil inventories will put upward pressure on oil prices. United States
FOMC Minutes
Jul. 2019:
The minutes of the July meeting of the Federal Open Market Committee left the door open for additional rate cuts but stopped short of signaling any commitment. » VIEW MORE ECONOMIC INDICATORS | 
