| Today's Economy
Economic Roundup: On Its Way Additional new-home supply in the U.S. is coming, although the timing is unclear. Capital Market View: Assessing Delta-Variant Risks to U.S. Economy Based on the U.K. experience so far, the drag on the U.S. economy should be modest. Europe Daily Briefing: Green Light for Spanish COVID-19 Funds Approval follows the reinstatement of curfew in Catalonia and travel restrictions to Spain. U.S. Consumers Paying More at the Pump Gasoline prices were last this high in 2014. » VIEW MORE TODAY'S ECONOMY
Commentary
Australia Used-Vehicle Second-Quarter Price Report The cost of a used vehicle is 34% more expensive than at this time last year and 10% more expensive than at the start of the year. Global Vaccine Tracker: Distribution Issues The rapid spread of the Delta variant is causing jitters in markets and prompting renewed restrictions. U.S. Employment Outlook: Surge of Opportunity Constraints to labor market participation should fall away with the reopening of schools in the fall and an increase in vaccinations. U.S. Chartbook: Tracking Delta The economic recovery is on solid ground, but the variant represents a growing downside risk. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
Philadelphia Fed Nonmanufacturing Survey
Jul. 2021: 44.8
Nonmanufacturing activity expanded briskly in July, according to the Philadelphia Fed’s Nonmanufacturing Business Outlook Survey. United States
New Residential Construction (C20)
Jun. 2021: 1.643 mil, SAAR
New private housing starts surprised to the upside, climbing to 1.6 million seasonally adjusted annualized units in June. United States
Moody’s Analytics Policy Uncertainty Index
July 16: 318.3
The four-week moving average in our U.S. Japan
Foreign Trade
Jun. 2021:
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