Today's Economy U.S. Manufacturing Has Struggled Before in This Expansion Output has fallen before and the economy wasn't derailed. U.S. Existing-Home Sales Slide for June Sales still rose in the second quarter, and first-time buyers are getting more active. Less Risk Domestically, Increased Risk Abroad A debt-ceiling deal removes one risk to the U.S., but odds of a no-deal Brexit rise. Europe Daily Briefing: A Big Win and Bigger Loss for Trade Boris Johnson was elected new U.K. prime minister, while France will vote on CETA. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Federal Fiscal Risks Abate Congress is set to avert automatic cuts to the federal budget and address the debt limit on time. U.S. Regional Outlook: A Widening Gap Service exports highlight differences between large and small economies. U.S. Chartbook: Just a Little Juice The Fed will likely cut interest rates by a quarter point as businesses eye global risks. U.S. Weekly Highlights and Preview, July 19, 2019 New-home sales likely edged higher in June. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States Bankruptcy Filings 2019Q2: United States FHFA Purchase-Only House Price Index May. 2019: 5.0% The Federal Housing Finance Agency Purchase-Only House Price Index increased 5% in May on a year-ago basis, which is slightly slower than the prior month’s increase. United States Moody’s Analytics Policy Uncertainty Index July 19: 131.4 The four-week moving average in our U.S. policy uncertainty index increased from 130.9 to 131.4 in the week ended July 19. United States Richmond Fed Manufacturing Survey Jul. 2019: -12 July brought disappointing news for factories in the Richmond Federal Reserve District. United States Existing-Home Sales Jun. 2019: 5.27 mil Existing-home sales slid in June, falling 1.7% from the revised May total and 2.2% from June 2018. Argentina Retail Sales Index May. 2019: 28.4% Argentina's retail sales index that tracks nominal sales at Buenos Aires’ largest shopping centers increased 28.4% y/y in May, up from 21.2% in April. » VIEW MORE ECONOMIC INDICATORS |