| Today's Economy
U.S. Q2 GDP Now Tracking 1.7% Inventories took a bite out of growth in the second quarter. U.S. Consumer Proves the Sky Isn’t Falling Control retail sales were solid in June. The Fed Shouldn't Fret Too Much Over U.S. Business Investment Investment is volatile, and there can be more noise than signal. Europe Daily Briefing: Still Not Enough for the BoE to Hike U.K. unemployment held steady, and wage growth picked up over the May quarter. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Employment Outlook: Reading Signals Through the Noise The labor market roller coaster has been in full effect so far this year. U.S. Chartbook: Mr. Powell Goes to Washington The Fed will most likely cut interest rates in July. U.S. Macro Outlook: A Fragile Place The expansion is vulnerable if anything goes wrong, and there is plenty that could go wrong. U.S. Weekly Highlights and Preview, July 12, 2019 The incoming data won't alter the Fed's plan for a rate cut. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
Unemployment
Jun. 2019: 3.8%
The U.K.’s jobless rate held steady at 3.8% during the May quarter, its lowest in 44 years. Italy
Consumer Price Index
Jun. 2019: 0.8%
Italy's EU-harmonized inflation cooled to 0.8% y/y in June, from 0.9% in May. Euro Zone
External Trade
May. 2019: €23.0 bil
Beating all expectations, the euro zone’s external trade surplus expanded to €23 billion in May from €16.9 billion in May 2018. Canada
International Transactions in Securities
May. 2019: C$10.2 bil
Investors' appetite for bonds is growing. United States
Retail Sales
Jun. 2019: 0.4%
Retail sales growth impressed in June following three months of healthy-to-strong growth. United States
Import and Export Prices
Jun. 2019: -0.9%
The U.S. is not importing a lot of inflation, giving the Fed enough leeway to institute an interest rate cut in July. United States
Industrial Production
Jun. 2019: 0.0%
Industrial production was unchanged in June, downshifting after May's gain. Russian Federation
Industrial Production
Jun. 2019: 3.3%
Russian industrial production recovered meaningfully in June. United States
Business Inventories (MTIS)
May. 2019: 0.3%
The inventory build moderated its breakneck pace in May, rising 0.3%. United States
NAHB Housing Market Index
Jul. 2019: 65
Homebuilder sentiment inched up 1 basis point to 65 in July. United States
Moody’s Analytics Policy Uncertainty Index
July 12: 130.9
The four-week moving average in our U.S. policy uncertainty index fell to 130.9 in the week ended July 12. Singapore
Foreign Trade
Jun. 2019:
Argentina
Consumer Price Index
Jun. 2019:
United States
Treasury International Capital Flows
May. 2019: $3.5 bil
Net long-term capital flows increased in May. » VIEW MORE ECONOMIC INDICATORS | 
