| Today's Economy
Keep Calm and Hike On Trump aired his grievances about the Fed's rate hikes, but that won't stop them. Another Reason Not to Fret About the Yield Curve, Yet Correlation doesn't imply causation of a U.S. recession. Europe Daily Briefing: Markets React Badly to U.K. Retail Sales were always set to fall in June, but growth over the quarter was strong.. A Much Needed Dose of Global Cooperation The Japan-EU trade deal removes most tariffs on traded goods. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Macro Outlook: Dangerous Curve Ahead Ignore those voices that claim this time is different. Asia-Pacific Weekly Highlights and Preview: 20 July, 2018 South Korea's GDP growth likely hit 0.7% q/q in Q2; exports were upbeat and consumption was subdued. Colombia Outlook: Expansion Gains Momentum Oil prices add uncertainty. U.S. Regional Outlook: Wage, Salary Growth Looking Up Job growth is solid, but trade tensions are a significant risk. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
Retail Sales
Jun. 2018: 2.85%
U.K. retail sales grew by 2.9% y/y in June, down from a 4.1% increase previously but above our expectations of 2.4%. Canada
ADP Canada National Employment Report
Jun. 2018: -10,521
The labor market suffered a setback in June, registering a modest payroll decline. United States
Moody's Analytics Beige Book Index
Jul. 2018: 163.9
The Moody's Analytics Beige Book Index posted a rating of 164 for July’s edition of the Federal Reserve report. United States
Jobless Claims
July 14: 207,000
The U.S. labor market is forging ahead. United States
Philadelphia Fed Survey
Jul. 2018: 25.7
The Philadelphia Fed's manufacturing business outlook survey came in above expectations in July and remains firmly in positive territory. United States
St. Louis Fed Financial Stress Index
July 13: -1.18
Financial conditions eased for the second straight week, helped by rising equity prices. United States
Conference Board Leading Indicators
Jun. 2018: 0.5%
Prospects for the U.S. economy continue to improve. United States
Natural Gas Storage Report
July 13: 46 bil cubic feet
The increase in natural gas inventories fell short of analyst expectations, which will apply upward pressure on gas prices. United States
California Manufacturing Survey
2018Q3: 63
The California Composite Index, measuring overall manufacturing activity, decreased from 63.3 in the second quarter of 2018 to 63 in the third quarter. Argentina
Retail Sales Index
May. 2018: 31.8%
The index that tracks nominal sales at Buenos Aires’ largest shopping centers increased 31.8% y/y in May, after 22.1% in the previous month. Japan
Consumer Price Index
Jun. 2018:
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