Today's Economy Economic Roundup: Despite Recent Optimism, Layoffs Still Mounting While economic data signal modest improvement, the road ahead is long. Holiday Weekend Fanned the Outbreak in Lenient States Reopening state and local economies in the U.S. is a choppy process, and it comes at a cost. LatAm Daily Briefing: The Struggle to Reopen Most of the region remains in varying degrees of lockdown. Europe Daily Briefing: We Haven't Given Up on the BoE The labour market and GDP growth will stay tepid for some time, warranting more QE eventually. » VIEW MORE TODAY'S ECONOMY
Commentary The Labor Market Is Not Driving Credit Quality Defaults are not spiking with unemployment. HEROES Act to the Rescue This legislation would go a long way to ensure the nascent U.S. recovery remains intact and the economy returns to full employment more quickly. Global Outlook: A Slow, Uncertain Recovery The economic crisis has broadly peaked but will take years to unwind. U.S. Housing Outlook: Inequality, Segregation Slow Prosperity Income equality and racial integration are linked to faster house price growth. » VIEW MORE COMMENTARY
Today's Economic Indicators
Uruguay GDP 2020Q1: -1.4 The Uruguayan economy contracted by 1.4% in the first quarter. United Kingdom Monetary Policy and Minutes Jun. 2020: 0.1% The Bank of England raised quantitative easing purchases by £100 billion during its June meeting, in line with our expectations, while leaving interest rates unchanged at 0.1%. Canada ADP Canada National Employment Report May. 2020: 208,400 I Canada Wholesale Trade Apr. 2020: -21.6% Wholesale trade fell victim to the COVID-19 pandemic in April. United States Jobless Claims June 13: 1,508,000 Jobless claims remain elevated at over 1.5 million filings per week. United States Philadelphia Fed Survey Jun. 2020: 27.5 The Philadelphia Fed Manufacturing Survey delivered a surprise to the upside in June. United States St. Louis Fed Financial Stress Index June 12: -0.01 The St. United States Conference Board Leading Indicators May. 2020: 2.8% Leading economic indicators show that the worst of the COVID-19 shock was likely over in May, but the economy faces a long and uncertain recovery. United States Natural Gas Storage Report June 12: 85 bil cubic feet The increase in natural gas stocks was in line with analyst predictions, suggesting that this report will have little effect on prices. Japan Consumer Price Index May. 2020: » VIEW MORE ECONOMIC INDICATORS |