| Today's Economy
Europe Daily Briefing: The BoE Follows Its Own Path U.S. Treasury Yields Tower Over Yields of Other Advanced Economies The implied probability of fed funds finishing 2019 above their current 2.375% midpoint is 0%. Asia-Pacific Daily Briefing: Seasonality in China’s Manufacturing PMI The near-term outlook for Chinese manufacturers is for further weakness. Economic Roundup: Super Mario Reboot ECB's Mario Draghi turns more dovish while Trump has considered demoting Powell. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Macro Outlook: Losing Faith Recession fears have suddenly come to the fore. U.S. Chartbook: Searching for the Warning Signs No glaring potential macroeconomic imbalances are forming yet. Europe Weekly Highlights and Preview, 14 June, 2019 The U.K. will hold the next round of voting for leadership of the Conservative Party, with repercussions for Brexit. Latin America Economic Preview: 17-21 June Argentina continued to sink in the first quarter amid high unemployment. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
Consumer Price Index
May. 2019: 2.0%
The U.K.’s CPI inflation eased to 2% y/y in May from 2.1% in April, matching the Bank of England’s target. United States
MBA Mortgage Applications Survey
June 14: -3.4%
Last week’s explosion of refinancing activity has died down and the top-line index fell 3.4%. Canada
Consumer Price Index
May. 2019: 2.4%
Inflation came in stronger than expected in May as rising food and durable goods prices more than offset a decrease in gasoline costs. United States
Oil Inventories
June 14: 482.4 mil barrels
A larger than expected drop in crude oil inventories will put upward pressure on oil prices. United States
FOMC Monetary Policy
Jun. 2019: 2.25 - 2.50%
The Federal Open Market Committee kept its target range for the fed funds rate, but changes to its statement suggest the central bank is open to possibly cutting rates. Argentina
GDP
2019Q1: -5.8%
Argentina's economy contracted by 5.8% y/y in the first quarter, after a 6.1% decline in the previous quarter (revised figure). Argentina
Employment Situation
2019Q1: 10.1% Unemployment
According to Indec’s labor market survey, the national unemployment rate averaged 10.1% in the first quarter, compared with 9.1% a year earlier (figures are not seasonally adjusted). Brazil
Monetary Policy
Jun. 2019:
New Zealand
GDP
2019Q1:
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