| Today's Economy
Economic Roundup: Feeding the Transitory Narrative The June CPI details strengthen the narrative that temporary factors are juicing inflation. LatAm Daily Briefing: GDP Forecast Revised Up This year’s solid growth reading does not signal a full recovery from last year’s deep recession. Capital Market View: Bond Market Gives Cold Shoulder to Hot CPI The bulk of the increase was once again in used cars and reopening segments. Europe Daily Briefing: German Insolvencies Still Low for Now Business filings were held back in April by pandemic-era regulations. » VIEW MORE TODAY'S ECONOMY
Commentary
Global Vaccine Tracker: The Delta Threat Infections are ramping up across Europe. Latin America Midyear Outlook: The Rebound Is On Medium-term recovery is not guaranteed, and the region is not exempt from risks. U.S. Chartbook: Fed Doesn't Rock the Boat While there are signs the recovery has passed its peak growth period, the Fed is in no rush to begin tapering its monthly asset purchases. U.S. Weekly Highlights and Preview, July 12, 2021 Our GDP forecast for this year saw a small downward revision, the first in a while. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany
Consumer Price Index
Jun. 2021: 2.3%
Germany’s consumer price index increased by 2.3% y/y in June, a touch slower than the previous month’s 2.5% y/y gain and on par with our forecast. France
Consumer Price Index
Jun. 2021: 1.5%
French inflation accelerated to 1.5% y/y in June, after rising by 1.4% in May. United States
NFIB Small Business Survey
Jun. 2021: 102.5
U.S. small businesses felt a little better in June, but they’re still pessimistic about the economy’s near-term outlook. United States
Consumer Price Index
Jun. 2021: 0.9% m/m
The acceleration in U.S. consumer prices isn’t over, but the monetary policy implications haven’t changed as the central bank is counting on these price pressures being transitory. United States
Moody’s Analytics Policy Uncertainty Index
July 09: 321.3
The four-week moving average in our U.S. policy uncertainty index fell from 326.3 to 321.3 in the week ended July 9. Singapore
GDP - Advanced
2021Q2:
United States
Treasury Budget
Jun. 2021: -$174.2 bil
Pandemic relief is distorting year-over-year comparisons of the federal budget deficit, but fiscal conditions are still deteriorating. United States
Semiconductor Billings
May. 2021: 4.2%
Global semiconductor sales reached a record high of $43.6 billion in May. South Korea
Employment
Jun. 2021:
Japan
Retail Sales
May. 2021:
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