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Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Monday, July 22, 2024

Today's Economy


Europe Daily Briefing: Rough Waters Ahead?

Shipping rates could increase as tensions heat up between Israel and Yemen.

India's Post-Election Union Budget Preview

No major changes are expected under the BJP-led coalition government.

Asia-Pacific Daily Briefing: China Unleashes Monetary Support

Panel banks cut loan prime rates after a surprise easing by the People's Bank of China.

Economic Roundup: Calm Amid Chaos

The economic calendar was quiet Friday amid a global tech outage that is still wreaking havoc on businesses.

» VIEW MORE TODAY'S ECONOMY



Commentary


U.S. Outlook: Too High for Too Long

The Federal Reserve’s higher for longer interest rate policy threatens to be too high for too long, unnecessarily weighing on the economy. The softening job market, increasingly financially vulnerable households, and the fragile banking system are signs of stress.

U.S. Chartbook: Hanging Tough

Goods producers and homebuilders are working through difficult macroeconomic conditions.

China Chartbook: Missing the Mark

Momentum is waning as China’s two-speed recovery leaves households behind.

Asia-Pacific Weekly Highlights and Preview, 19 July, 2024

High interest rates continue to dampen domestic demand.

» VIEW MORE COMMENTARY



Today's Economic Indicators


Hong Kong SAR (China)
Consumer Price Index
Jun. 2024: 1.5% y/y
Hong Kong's headline composite consumer price index rose 1.5% year over year in June, marginally up from the 1.2% reading in June and slightly higher than our expectations of unchanged inflation.

Mexico
Economic Activity Index
May. 2024: 1.6% y/y
Economic activity in Mexico advanced in May, although at a more moderate pace because of the industrial slowdown in the month and the unfavorable base effect.

Mexico
Retail & Wholesale Sales
May. 2024: 0.3% y/y
In May, household consumption in Mexico showed a notable slowdown, coinciding with the weakening of the economy.

United States
Chicago Fed National Activity Index
Jun. 2024: 0.05
The Chicago Fed National Activity Index indicates that U.S. economic growth slowed last month.

World
Moody's Analytics Survey of Business Confidence
July 19: 25.7
Global business sentiment continues to take on a brighter hue.

» VIEW MORE ECONOMIC INDICATORS

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