| Today's Economy
Economic Roundup: Easing Into the Week Our primary focus is Friday's PCE deflator data. LatAm Daily Briefing: Sheinbaum Appointees Play Up Pragmatism Will her administration be different from her predecessor’s? Credit Market View: Fed Will Wait a Few More Months Until Inflation Falls Further Inflation seems to be slowing as needed for the Fed to implement its first cut in September. However, the median FOMC official currently projects just one 0.25-point cut this year. Europe Daily Briefing: A Dutch Contraction Declining inventory investments detract from growth in the Netherlands. » VIEW MORE TODAY'S ECONOMY
Commentary
Euro Zone Inflation Tracker: Base Effects in the Spotlight Last year in the second and third quarters, fuel prices moved around considerably. U.S. Outlook: Policy Error The most serious threat to the well-performing U.S. economy is a policy error, including the Federal Reserve’s higher-for-longer interest rate strategy and fallout from what is setting up to be a close and contentious election. U.K. Housing Market Report 2024Q2 Scaled-back expectations for the extent of interest rate cuts this year have cooled market sentiment. Japan Risk Matrix: Navigating Through Economic Standstill The Bank of Japan is unlikely to hike rates more than twice. » VIEW MORE COMMENTARY
Today's Economic Indicators
Netherlands
GDP
2024Q1: -0.1% q/q
The final estimate for Dutch real GDP in the first quarter showed a contraction of 0.1% quarter over quarter—consistent with preliminary estimates posted in May. Singapore
Consumer Price Index
May. 2024: 3.1% y/y
Singapore’s headline inflation picked up to 3.1% y/y in May from 2.7% y/y in April. Taiwan (China)
Industrial Production
May. 2024: 16.1% y/y
Taiwan's industrial production jumped 16.1% in May from a year earlier as manufacturing output climbed 16.7%. World
Moody's Analytics Survey of Business Confidence
June 21: 16.1
Businesses globally remain cautious, but they are feeling decidedly better than at the start of the year. United States
Texas Manufacturing Outlook Survey
Jun. 2024: -15.1
Texas factory activity held steady in June, even as perceptions of broader business conditions remain weak. Argentina
GDP
2024Q1: -5.1% y/y
Argentina’s recession deepened in early 2024 amid the implementation of an aggressive stabilization program by the new government. Argentina
Employment Situation
2024Q1: 7.7% Unemployment
Argentina’s labor market deteriorated in the first quarter amid the deepening recession. South Korea
Consumer Sentiment Index
Jun. 2024:
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