Today's Economy Economic Roundup: Fed Has Nowhere to Hide PPI keeps pressure on the Fed, so it will likely hike rates by 75 basis points on Wednesday. Capital Market View: When the Facts Change, So Does the Forecast Reading the tea leaves strongly suggests the Fed wants to hike more than we thought. Gap in U.S. Headline, Core Inflation Bodes Ill for Less Educated The differences in headline and core inflation affect less-educated household finances more. LatAm Daily Briefing: Argentina’s IMF Fiscal Target Is at Risk Economic conditions are a challenge as policymakers try to meet the terms of the IMF agreement. » VIEW MORE TODAY'S ECONOMY
Commentary Northern Ireland Protocol: Risks Connected to Brexit Reemerge A negotiated resolution remains our baseline assumption, but downside risks have increased. U.S. Chartbook: Scorching Inflation and Souring Sentiment Growth in consumer prices accelerated in May, which won’t sit well with the Fed or consumers. U.S. Weekly Highlights and Preview, June 13, 2022 The Fed will likely send a hawkish signal at its FOMC meeting this week. Acceleration in U.S. Inflation Not Uniform Concentration shows supply constraints still matter and relief may be coming. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany Consumer Price Index May. 2022: 7.9% y/y Germany’s year-on-year inflation rate accelerated from 7.4% in April to 7.9% in May, marking a new record high since reunification. Finland Consumer Price Index May. 2022: 7.0% y/y Finland’s annual inflation rate climbed higher in May, accelerating to 7% year over year from 5.7% in April. Sweden Consumer Price Index May. 2022: 7.3% y/y Sweden’s CPI inflation rate jumped with unexpected strength in May, to 7.3% year over year from 6.4% in the previous month. United Kingdom Unemployment Apr. 2022: 3.8% The U.K. unemployment rate fell to 3.8% in the three months leading to April from 4% in the three months leading to January. Hong Kong SAR (China) Industrial Production Jan. 2022: -1.2% y/y Hong Kong's industrial production contracted by 1.2% year over year in the first quarter of 2022, following a 5.8% year over year increase in the prior quarter. United States NFIB Small Business Survey May. 2022: 93.1 The NFIB Small Business Optimism Index dipped from 93.2 in April to 93.1 in May. Portugal Consumer Price Index May. 2022: 8% Portugal’s CPI rose to 8% year over year in May, up from 7.2% in April. United States Producer Price Index May. 2022: 0.8% m/m The U.S. Canada Survey of Manufacturing Apr. 2022: 1.7% m/m Strong gains in petroleum, motor vehicles and metals drove manufacturing sales up in April. Canada New Motor Vehicle Sales Apr. 2022: -13.6% y/y Purchases of new cars and trucks in Canada decreased in April, thwarting two consecutive months of growth after a streak of seven monthly declines ended in January. Argentina Consumer Price Index May. 2022: 60.7% y/y The statistics office’s national consumer price index for Argentina increased 5.1% m/m in May, after 6% in April. South Korea Employment May. 2022: Japan Machinery Orders Apr. 2022: China Fixed-Asset Investment May. 2022: China Industrial Production May. 2022: China Retail Sales May. 2022: » VIEW MORE ECONOMIC INDICATORS |