| Today's Economy
Economic Roundup: Looking Forward to More Good News We forecast that the U.S. CPI was unchanged in June, bringing the annual rate to its lowest in more than three years. What Is the Break-Even Rate of Job Growth? Strong labor force growth has pushed up the U.S. labor market's ability to absorb new jobs. LatAm Daily Briefing: Uruguay's Outlook Moderates A solid rebound is forecast for the rest of the year. Final Thoughts Ahead of June's CPI June's CPI is expected to deliver more good news. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Risk Matrix: Monitoring U.S. Banks Banks are not as fragile as often assumed and are in good shape to weather a downturn. U.S. Chartbook: Cool for the Summer A softer jobs report signals a loosening labor market. German Housing Still in the Doldrums Construction saved the first quarter, but won’t be there for the second. U.S. Inflation Tracker: Let’s Get Cutting The Fed has brought inflation toward its target gracefully, so it should not wait longer to start easing policy. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
Moody's CMBS Delinquency Tracker
Jun. 2024: 5.96%
The Moody’s Delinquency Tracker total delinquency rate jumped 38 basis points to 5.97% in June. Denmark
Consumer Price Index
Jun. 2024: 1.8% y/y
The Danish headline consumer price index rose by 1.8% year over year in June, slowing from the 2.2% year-over-year rise in May. Norway
Consumer Price Index
Jun. 2024: 2.6% y/y
Norway’s CPI inflation rate declined to 2.6% year over year in June from 3% in May. Italy
Industrial Production
May. 2024: 0.5% m/m
Italy's industrial production grew by 0.5% month over month in May, beating our forecast of a 0.2% increase. Portugal
Consumer Price Index
Jun. 2024: 2.8%
Portuguese inflation declined to 2.8% in June from 3.1% in May. United States
MBA Mortgage Applications Survey
July 05: -0.2%
Mortgage activity declined again in the first week of July. Brazil
Consumer Price Index
Jun. 2024: 4.23% y/y
Brazil’s inflation climbed higher in June even though consumer prices remained subdued, but the annual growth rate was affected by the declining comparison base of last year. Australia
Datium Insights - Moody’s Analytics Used Vehicle Price Index
Jun. 2024: -6.7% y/y
The used-vehicle price index in Australia continued to decline in June. United States
Wholesale Trade (MWTR)
May. 2024: 0.6% m/m
In May, wholesale inventories increased 0.6% after an upwardly revised 0.2% gain in the prior month. United States
Oil Inventories
July 05: 445.1 mil barrels
A slightly larger-than-anticipated draw in oil inventories will likely have a muted impact on prices. Russian Federation
Consumer Price Index
Jun. 2024: 8.6% y/y
Russia’s annual inflation rate advanced to 8.6% y/y in June from 8.3% in May, in line with market expectations and our forecast. United States
California Manufacturing Survey
2024Q3: 58.7
The California Purchasing Managers' Composite Index backtracked from 60.1 to 58.7 for the third quarter of 2024, indicating that manufacturing is expected to grow at a slower pace in the months ahead. Japan
Machinery Orders
May. 2024:
South Korea
Monetary Policy
Jul. 2024:
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