| Today's Economy
Trade War Escalation Warrants a Change to Our Fed Call We now expect two additional rate cuts this year. Europe Daily Briefing: A Gloomy Monday for PMIs U.K. results beat expectations, but the euro zone's confirmed our fears. Asia-Pacific Daily Briefing: Damaging Maneuvers China's depreciation and Japan-Korea tensions are in the spotlight. Economic Roundup: U.S. Job Growth Cools, but Isn't on Ice Labor market remained strong ahead of the escalation in the trade tensions. » VIEW MORE TODAY'S ECONOMY
Commentary
Macro Roundup: Why Are We Miserable? Welfare maximization is difficult, because the objectives evolve and goal posts keep moving. U.S. Weekly Highlights and Preview, August 2, 2019 We look for the ISM nonmanufacturing survey to have edged lower in July. Living in the Tail Risk The trade war has escalated beyond expectations and the stakes are high for the global economy. Europe Weekly Highlights and Preview, 2 August, 2019 Grim news expected for U.K. GDP » VIEW MORE COMMENTARY
Today's Economic Indicators
Chile
Monthly Economic Activity Indicator
Jun. 2019: 1.3%
Chile's economic activity growth decelerated in June, affected by the industrial contraction. Colombia
Consumer Price Index
Jul. 2019:
World
Moody's Analytics Survey of Business Confidence
August 02: 20.6
Global business sentiment remains consistent with an economy that is struggling to grow at its potential. United States
ISM Nonmanufacturing Index
Jul. 2019: 53.7
The U.S. nonmanufacturing sector’s expansion remains uninterrupted, although growth is moderating. United States
Senior Loan Officer Opinion Survey
2019Q3: -2.9%
According to the Senior Loan Officer Opinion Survey, banks continued to ease lending standards for commercial and industrial loans during the second quarter of 2019. Uruguay
Consumer Price Index
Jul. 2019: 7.5%
Uruguay's inflation ticked slightly higher in July, rising to 7.5% from June's reading of 7.4%. Australia
Foreign Trade
Jun. 2019:
Australia
Monetary Policy
Aug. 2019:
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