Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Real-time coverage of the global economy, including in-depth analysis of more than 300 economic indicators, topics and long-term trends, plus macro forecasts and outlooks.

Thursday, June 20, 2019

Today's Economy


Economic Roundup: Upping the Odds of a Fed Cut in July

Fed not alone as RBA could eye another cut.

Argentina’s Election Scenario Takes Shape

Political alliances have firmed ahead of the August primaries.

Europe Daily Briefing: BoE Between a Rock and a Hard Place

The bank could hike rates by the end of the year, or follow the ECB and the Fed.

Powell Not Convinced U.S. Has Reached Full Employment

This is dovish for the path of interest rates and could lead to a cut.

» VIEW MORE TODAY'S ECONOMY



Commentary


Where Will the Fed Go From Here?

It will take a lot to prevent a cut in July, but nothing is certain.

U.S. Regional Outlook: The Rise of Midsize Metro Areas

Costs drive movement to cheaper areas—to a degree.

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.

» VIEW MORE COMMENTARY



Today's Economic Indicators


Indonesia
Monetary Policy
Jun. 2019: 6.0%
As expected, Bank Indonesia kept the seven-day reverse repo rate at 6% at its June policy meeting.

Japan
Monetary Policy
Jun. 2019: ¥80 tril.

United Kingdom
Retail Sales
May. 2019: 2.3%
In line with our expectations, U.K. retail sales rose by 2.3% y/y in May, decelerating sharply from a 5.1% gain in April.

United Kingdom
Monetary Policy and Minutes
Jun. 2019: 0.75%
The Bank of England’s Monetary Policy Committee unanimously voted to leave interest rates unchanged at 0.75% in June.

United States
Financial Obligations Ratio
2019Q1: 15.38%
Household financial burdens are low and nearly steady.

United States
Current Account
2019Q1: -$130.4 bil
The current account deficit narrowed in the first quarter, falling to $130.4 billion from $143.9 billion.

United States
Jobless Claims
June 15: 216,000
U.S. initial claims remain very low.

United States
Philadelphia Fed Survey
Jun. 2019: 0.3
Sentiment among manufacturers in the Third District soured this month, according to the Philadelphia Fed’s Manufacturing Business Outlook Survey.

Canada
ADP Canada National Employment Report
May. 2019: -16,020
Canadian employment fell by 16,020 jobs in May, according to the ADP Canada National Employment Report.

Russian Federation
Retail Sales
May. 2019: 1.4%
Russia's retail sales growth came in at 1.4% y/y in May, down slightly from April’s upwardly revised 1.6%.

Russian Federation
Unemployment
May. 2019: 4.5%
Russia’s unemployment rate dipped to 4.5% in May from 4.7% in April, below the market consensus of 4.6%.

United States
St. Louis Fed Financial Stress Index
June 14: -1.22
Financial market stress eased for the first time in six weeks, with the St.

United States
Conference Board Leading Indicators
May. 2019: 0.0%
The outlook for the U.S. economy has softened.

United States
Natural Gas Storage Report
June 14: 115 bil cubic feet
Natural gas inventories rose by more than analysts had predicted, which will put modest downward pressure on gas prices.

China
Industrial Production
May. 2019:

Japan
Consumer Price Index
May. 2019:

» VIEW MORE ECONOMIC INDICATORS

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