Today's Economy LatAm Daily Briefing: Argentina Faces Yet Another Currency Crisis The new finance minister will be challenged to restore confidence in the peso. Capital Markets View: Inflation Roils Interest Rate Projections Altering the inflation outlook has caused significant changes to rate forecasts. Canada Weekly: Housing Affordability House price appreciation is easing, but is affordability improving? Europe Daily Briefing: Gas Prices On the Rise Gas prices jump with fears of supply disruptions. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Risk Matrix: Watching for Policy Error Inflation could remain higher for longer, since traditional monetary policy tightening is not equipped to address the supply shocks. Emerging Market View: Say Goodbye to Low-Inflation Asia Rising prices will be a bigger and bigger hurdle. U.S. Employment Outlook: Threading the Needle We no longer expect unemployment to eclipse pre-pandemic lows. Greece Outlook: Fair Tides in a Turbulent Sea Tourism tailwinds, high growth, and record-breaking inflation pave the way for 2023 elections. » VIEW MORE COMMENTARY
Today's Economic Indicators
Singapore Industrial Production Jun. 2022: 2.2% y/y Singapore’s industrial production for June was up 2.2% y/y, compared with 13.8% growth the previous month. Finland Unemployment rate Jun. 2022: 6.8% y/y Finland’s not seasonally adjusted unemployment rate dropped to 6.8% in June from 7.6% a year earlier. United States Philadelphia Fed Nonmanufacturing Survey Jul. 2022: 11.7 Nonmanufacturing activity in the Federal Reserve’s Third District moderated in July. United States FHFA Purchase-Only House Price Index May. 2022: 18.3% y/y The Federal Housing Finance Agency Purchase-Only House Price Index is up 18.3% on a year-ago basis in May. United States S&P CoreLogic Case-Shiller® Home Price Indexes May. 2022: 20.5% y/y House price appreciation decelerated in May, as measured by the S&P CoreLogic Case-Shiller 20-City Composite Index, snapping its five-month winning streak that started at the end of 2021. United States New-Home Sales Jun. 2022: 590,000 SAAR The housing market is cooling as declining affordability and higher mortgage rates erode demand. United States Richmond Fed Manufacturing Survey Jul. 2022: 0 Manufacturing activity in the Richmond Federal Reserve District improved in July but remained relatively flat. United States Conference Board Consumer Confidence Jul. 2022: 95.7 U.S. consumer confidence declined in July by about as much as our below-consensus forecast had anticipated. United States Moody’s Analytics Policy Uncertainty Index July 22: 370.5 4-wk MA The four-week moving average in our U.S. United States Texas Service Sector Outlook Survey Jul. 2022: 9.5 In contrast with manufacturing, Texas services industries overall experienced moderate growth in July. Argentina Retail Sales Index May. 2022: 1,553% y/y The index that tracks nominal sales at Buenos Aires’ largest shopping centers increased 1,553% y/y in May after 332% in the previous month. South Korea Consumer Sentiment Index Jul. 2022: Thailand Industrial Production Jun. 2022: Australia Consumer Price Index 2022Q2: » VIEW MORE ECONOMIC INDICATORS |