Economy.com: Daily Update
| Today's Economy
Economic Roundup: Rate Cuts Are Coming Fed Chair Powell’s speech in Jackson Hole gave the clearest indication yet that cuts are imminent. Europe Daily Briefing: Shifting Sentiment Consumer confidence remains steady in the U.K., while business confidence perks up in France. Geopolitical Risk Calendar: Gaza Talks to Continue Ukraine has expanded its incursion into the Kursk region of Russia, altering the conflict's dynamics. Asia-Pacific Daily Briefing: Headline Inflation Holds Steady in Singapore and Japan Core inflation fell in Singapore and rose in Japan. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Weekly Highlights and Preview, August 23, 2024 Federal Reserve Chair Jerome Powell said that “the time has come for policy to adjust,” all but guaranteeing a reduction in the federal funds rate in September. Latin America Weekly Highlights and Preview, August 23, 2024 Economic activity sags in Argentina and Chile. Europe Weekly Highlights and Preview, 23 August, 2024 On the heels of this week’s confirmation of the July inflation in the euro zone, the preliminary estimate for August inflation is due next Friday. Slow Improvement Along Auto Credit’s Bumpy Road U.S. consumer auto delinquencies have continued their unprecedented rise over the past three months. » VIEW MORE COMMENTARY
Today's Economic Indicators
Singapore
Consumer Price Index
Jul. 2024: 2.4% y/y
Inflation in Singapore held steady at 2.4% y/y in July, a little below the market consensus of 2.5% and a little above our 2.3% forecast. Taiwan (China)
Industrial Production
Jul. 2024: 12.3% y/y
Taiwan's industrial production jumped 12.3% in July from a year earlier as manufacturing output climbed 13%. Canada
Retail Trade
Jun. 2024: -0.3% m/m
Retail sales continued to fall for the second consecutive month, declining 0.3% in June to C$65.7 billion. United States
New-Home Sales
Jul. 2024: 739,000 SAAR
New-home sales jumped in July, according to the Census Bureau. » VIEW MORE ECONOMIC INDICATORS |
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