| Today's Economy
LatAm Daily Briefing: Dominican Republic's Rebounding Economy The central bank’s liquidity expansion program generates positive results. Economic Roundup: Doubleheader May’s CPI report and June’s FOMC meeting made for a busy Wednesday. Europe Daily Briefing: Taking a Breather April showers discouraged U.K. retail shoppers during the month as GDP stalled. Asia-Pacific Daily Briefing: Domestic Demand Is MIA in China Weak inflation prints capture struggles across the domestic economy. » VIEW MORE TODAY'S ECONOMY
Commentary
GCC Investment: Capitalising on Diversification The Gulf Cooperation Council countries are well placed to continue to play an important role in international investment flows but need to maintain the pace of their diversification efforts. East Asia’s Current Account Surpluses Are Here to Stay Protectionism and climate change are the key long-term risks to these surpluses. Rising Government Debt in APAC Creates Some Risk for the Medium-Term Outlook High sovereign debt-to-GDP ratios may make it difficult for fiscal policy support in much of Asia. U.S. Chartbook: A Balancing Act A loosening but resilient labor market remains on steady footing. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany
Consumer Price Index
May. 2024: 2.4% y/y
In May, inflation in Germany rose to 2.4% year over year, up 20 basis points from the previous month. Thailand
Monetary Policy
Jun. 2024: 2.5%
The Bank of Thailand’s Monetary Policy Committee voted to keep its policy rate at 2.5% at its June meeting. United Kingdom
Monthly GDP
Apr. 2024: 0.0% m/m
The gradual economic recovery is still on track, as U.K. United States
MBA Mortgage Applications Survey
June 07: 15.6%
Mortgage activity in the U.S. shot up in the week ended June 7. India
Industrial Production
Apr. 2024: 5.0% y/y
India's industrial production index rose 5% in April from a year earlier. India
Consumer Price Index
May. 2024: 4.75 % y/y
In May, India’s consumer price index rose 4.75% year over year, easing further from April’s reading of 4.83%. United States
Consumer Price Index
May. 2024: 0.0% m/m
Inflation cooled more than expected in May. United States
Oil Inventories
June 07: 459.7 mil barrels
Oil inventories unexpectedly built over the week, which could put some downward pressure on prices. Uruguay
Industrial Production
Apr. 2024: 6.1% y/y
Uruguay's industrial production zigzagged and recorded a better-than-expected rebound in April, despite the ANCAP oil refinery remaining closed because of a maintenance stoppage. United States
FOMC Monetary Policy
Jun. 2024: 5.25% to 5.50%
The rate-setting Federal Open Market Committee left its policy rate unchanged at the June meeting. United States
Treasury Budget
May. 2024: -$347.1 bil
The Treasury budget recorded a deficit of $347.13 billion in May, well above the $240.35 billion shortfall in the same month last year. Australia
Employment Situation
May. 2024:
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