| Today's Economy
Economic Roundup: Homeowners Still 'Locked In' U.S. existing-home sales are again near a cycle low as they fell back below an annual rate of 4 million. LatAm Daily Briefing: Remittances Reached a New High in 2023 A flood of funds transfers boosts regional economies. Europe Daily Briefing: Dutch Consumer Blues Confidence and optimism slid in July in the Netherlands but should improve in the second half of the year. Asia-Pacific Daily Briefing: Inflation Eases in Singapore Prices for ownership certificates for cars and motorbikes fell. » VIEW MORE TODAY'S ECONOMY
Commentary
LatAm Outlook: Two Lanes, One Speed High global rates, policy uncertainty, and low productivity all handicap the outlook. Economic Policy Under a Harris Administration The U.S. vice president has been a staunch defender of Bidenomics. 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. » VIEW MORE COMMENTARY
Today's Economic Indicators
Singapore
Consumer Price Index
Jun. 2024: 2.4% y/y
Singapore’s headline inflation eased to 2.4% y/y in June from 3.1% y/y in May. Taiwan (China)
Industrial Production
Jun. 2024: 13.2% y/y
Taiwan's industrial production jumped 13.2% in June from a year earlier as manufacturing output climbed 13.5%. United States
Philadelphia Fed Nonmanufacturing Survey
Jul. 2024: -10
According to the Philly Fed’s Nonmanufacturing Business Outlook Survey, service sector activity contracted sharply in July. United States
Richmond Fed Manufacturing Survey
Jul. 2024: -17
In July, factory activity weakened in the Fed’s Fifth District, according to the Richmond Fed Manufacturing Survey. United States
Existing-Home Sales
Jun. 2024: 3.89 mil, SAAR
Existing-home sales fell again in June, sliding 5.4% to a seasonally adjusted annual rate of 3.89 million, just south of consensus expectations for 3.99 million sales. South Korea
Consumer Sentiment Index
Jul. 2024:
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