Today's Economy Economic Roundup: Beige Book Paints Gray Picture The Fed's latest report still paints a picture of an economy facing price and labor supply issues. Capital Market View: Rising Energy Prices Won't Ding Consumer Spending Driving less and a ton of excess savings will limit the hit to spending. China Industrial Profits Surge A commodity boom is creating imbalances. Europe Daily Briefing: Lockdown Curbs German Retail U.K. mortgage lending corrected in April. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. COVID-19 Tracker Update: A Step Back Government transfer payments will apply further downward pressure on May personal income. ECB Won’t Change Course Yet Despite rising inflation and higher sovereign yields, the central bank will avoid altering policy. U.S. Inflation Tracker: PCE Pops Growing pains related to the recovery are pushing prices higher. U.S. Chartbook: Investment, Inflation and Immunization The Census Bureau found 7.2% of U.S. adults say they will not get a shot, down from 8.8% in January. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany Retail Sales Apr. 2021: -5.5% The tightening of lockdown restrictions in April cooled Germany’s calendar and seasonally adjusted retail sales in April, which tumbled by 5.5% m/m after March’s 7.7% jump. United States MBA Mortgage Applications Survey May 28: -4.0% Mortgage applications declined 4% in the week of May 28 following a 4.2% reduction the week before. Brazil Industrial Production Apr. 2021: 32.2% y/y Brazil’s industrial production rebounded strongly in April, as the annual comparison base benefited the rate of growth. Canada Building Permits Apr. 2021: -0.5% Building permits were little changed from their record hot pace. United States Texas Service Sector Outlook Survey May. 2021: 23.9 Texas overall service sector activity continued to grow strongly in May, with the net margin for revenue remaining above 20. United States Beige Book Jun. 2021: The economy expanded at a moderate tempo from early April to late May, according to the latest Beige Book. Australia Foreign Trade Apr. 2021: Australia Retail Sales Apr. 2021: » VIEW MORE ECONOMIC INDICATORS |