| Today's Economy
U.S. New Housing Trend Still Soft Starts are expected to rise in the second half of the year, but there remain plenty of downside risks. Trump Administration Rolls Out NAFTA Objectives Negotiators push for modest changes over punitive measures U.S. House Budget Plan Sets Out an Unlikely Fiscal Vision Republican members scrap Trump’s proposed nondefense cuts but favor more defense outlays. Aussie Consumers Pessimistic Despite Strong Economy A rolling correlation shows sentiment and spending have a strong relationship during severe periods. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Employment Outlook: Still Churning Out Jobs Improving dynamism in the labor market will help reaccelerate wage growth in the near term. U.S. Macro Outlook: Almost Boring The expansion is 8 years old, and growth remains remarkably stable. U.S. Chartbook: Sales Slow, Prices Pause, Stockpiles Swell Tepid consumer data reverberate up production pipeline. U.K. Chartbook: Q2 Growth Will Fail to Gain Pace The lower pound has proved a curse, not a blessing » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
MBA Mortgage Applications Survey
July 14: 6.3%
Mortgage applications rose last week, as interest rates declined or held steady. United States
New Residential Construction (C20)
Jun. 2017: 1.215 mil
Housing starts jumped in June, making up some of the losses from the past four months. Canada
Survey of Manufacturing
May. 2017: 1.1%
Demand for manufactured goods keeps heating up. Russian Federation
Retail Sales
Jun. 2017: 1.2%
Russian retail sales are showing strong signs of turning around. United States
Median usual weekly earnings
2017Q2: 4.2%
Median usual weekly earnings for full-time wage and salary workers were up 4.2% on a year-ago basis in the second quarter, identical to the gain in the first three months of the year and an acceleration from the 2.9% increase in the second quarter of 2016. Russian Federation
Unemployment
Jun. 2017: 5.1%
Russian unemployment dropped another 0.1 percentage point in June, falling for the fourth month in a row. United States
Oil Inventories
July 14: 490.6 mil barrels
A larger than expected decline in crude oil inventories will put upward pressure on oil prices. Japan
Foreign Trade
Jun. 2017:
Australia
Employment Situation
Jun. 2017:
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