Economy.com: Daily Update
Today's Economy Capital Market View: Powell Dashes Hopes of a Pivot He emphasized that “estimates of longer-run neutral rates are not a place to stop or pause.” Inside Economics Podcast: Episode 73—Consumers Hang Tough Some evidence shows affluent households spending more as lower- and middle-income households cut back. Europe Daily Briefing: Swedish GDP Revised Higher Sweden's higher-than-expected GDP does not change our outlook. Asia-Pacific Daily Briefing: RBA No Match for Aussie Households Australian retail sales jumped at the fastest pace since March. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Weekly Highlights and Preview, August 29, 2022 Our preliminary forecast is for nonfarm employment to have risen by 250,000 between July and August. U.S. Chartbook: Improved Visibility for a Soft Landing Data revisions to jobs and GDP were positive, giving the Fed additional cover to keep tightening. Indonesia 2023 Budget: The Case for a Larger Fiscal Deficit Global economic uncertainties and structural issues warrant more, not less, spending. Latin America Weekly Highlights and Preview, August 26, 2022 Economic indexes in Mexico and Argentina edge upward. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia Consumer Price Index Jul. 2022: 4.4% Malaysia’s headline inflation surged by 4.4% y/y in July, up a full percentage point from June’s 3.4% rise. Sweden GDP 2022Q2: 0.9% q/q According to final estimates, GDP grew by 0.9% q/q during the second quarter, following a significant, upwardly revised 0.2% increase in the first quarter. Sweden Retail Sales Jul. 2022: -0.6% m/m In July, retail sales in Sweden pulled back by 0.6% month over month, deepening a downwardly revised 1.5% decline in June. Ireland Retail Sales Jul. 2022: -1.6% m/m In July, Irish retail sales declined 1.6% month over month for the third month in a row. World Moody's Analytics Survey of Business Confidence August 26: 1.7 Global business sentiment remains in positive territory on a four-week moving average basis. United States Texas Manufacturing Outlook Survey Aug. 2022: -12.9 Texas factory activity contracted in August, though the measures were less negative than in July. Japan Employment Situation Jul. 2022: » VIEW MORE ECONOMIC INDICATORS |
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