Today's Economy Economic Roundup: Under the Hood of the U.S. July Baseline Forecast The new path of the fed funds rate cuts into GDP growth. Capital Market View: Bracing for Another Red-Hot U.S. CPI Print We forecast the headline and core CPIs to have risen 1.1% and 0.5%, respectively. LatAm Daily Briefing: Colombian Peso Hits New Low Against the Dollar The weakened currency is under pressure from both domestic and external factors. Europe Daily Briefing: ZEW Index Drops The economic sentiment index fell in July to its lowest since 2011. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Spending Shift Is Gradual, Inconsistent Consumers who went strong for buying goods during the pandemic are reopening their wallets for services, but inflation clouds the partial reversal. U.S. Chartbook: A Rose-Colored Economy Employment indicators reinforce the notion that the economy is on strong footing. U.S. Weekly Highlights and Preview, July 11, 2022 Fed officials don’t seem concerned about a recession. U.S. Employment Report, Cont'd The job situation in June should alleviate some of the growing fear that the U.S. economy is in recession. » VIEW MORE COMMENTARY
Today's Economic Indicators
China Monetary Aggregates Jun. 2022: 11.4% y/y China’s M2 broad money supply growth accelerated to 11.4% y/y in June, up from 11.1% in May and in line with our expectations. Portugal Consumer Price Index Jun. 2022: 8.7% Portugal’s CPI rose to 8.7% year over year in June, up from 8% in May. United States NFIB Small Business Survey Jun. 2022: 89.5 The NFIB Small Business Optimism Index declined from 93.1 in May to 89.5 in June and is now lower than during the teeth of the pandemic. Mexico Industrial Production May. 2022: 3.3% y/y Industrial production advanced further in May in annual terms, as manufacturing exports still benefit from the demand of the U.S. market. India Consumer Price Index Jun. 2022: 7.01% y/y India’s CPI inflation rate stayed around the same, coming in at 7.01% y/y in June compared with 7.04% in May. India Industrial Production May. 2022: 19.6% y/y India's industrial production index surged by 19.6% y/y in May, accelerating on a 6.7% rise in April. United States State and Local Government Tax Revenue 2022Q1: 21.3% y/y State tax revenues maintained their hot streak in the first quarter, with total revenues climbing 21.3% from a year earlier. Uruguay Industrial Production May. 2022: 12.0% y/y Uruguay's industrial production recorded a yearly increase of 12% in May, propelled by food processing, vehicle fabrication and paper products. South Korea Employment Jun. 2022: New Zealand Monetary Policy Jul. 2022: China Foreign Trade Jun. 2022: » VIEW MORE ECONOMIC INDICATORS |