| Today's Economy
Economic Roundup: U.S. Consumers Turning More Pessimistic About Future The Conference Board consumer sentiment survey dropped in June. Capital Market View: Copper Price Drop More Good News Than Bad Copper prices are not good at predicting U.S. recessions. LatAm Daily Briefing: Argentina Seeks to Cap Imports The central bank must act decisively to accrue hard currency reserves and meet its IMF target. Europe Daily Briefing: Retail Sales Slump in May Sales fell in Denmark, Sweden and Ireland. » VIEW MORE TODAY'S ECONOMY
Commentary
Considering the Economic Consequences of the End of Roe v. Wade The Supreme Court’s decision does not materially change the outlook, but does pose new risks. U.S. Chartbook: Pessimism Goes Viral Data from the real economy and consumer sentiment are diverging in some confounding ways. Euro Zone Recession Risks: Reasons to Be Gloomy We attach a 50% probability of recession in the currency area over the next 12 months. LatAm Supply Chains: Still Tough to Tango Microchips, bad weather and labor strikes all add to the strain. » VIEW MORE COMMENTARY
Today's Economic Indicators
Denmark
Retail Sales
May. 2022: -1.1% m/m
Danish retail sales fell 1.1% in May from April, after rising a similar 1.1% in April. Sweden
Retail Sales
May. 2022: -0.6% m/m
Retail sales pulled back by 0.6% month over month this May, reversing a 0.4% gain in April. Ireland
Retail Sales
May. 2022: -1.3% m/m
Irish retail sales volume, excluding motor trades, decreased by 1.3% month over month in May following a 1.9% rise in April. United States
Advance Wholesale and Retail Inventories
May. 2022: 2.0% m/m
Wholesale and retail inventories rose 2% from April to May, according to the advanced estimate. United States
International Trade in Goods - Advanced
May. 2022: -$104.3 bil
First-quarter U.S. United States
S&P CoreLogic Case-Shiller® Home Price Indexes
Apr. 2022: 21.2% y/y
House price appreciation accelerated once again in April, as measured by the S&P CoreLogic Case-Shiller 20-City Composite Index, extending the upward trajectory set in place over the past few months. United States
FHFA Purchase-Only House Price Index
Apr. 2022: 18.8% y/y
The Federal Housing Finance Agency Purchase-Only House Price Index is up 18.8% on a year-ago basis in April. Mexico
Employment Situation
May. 2022: 3.3% Unemployment
Mexico's unemployment rate reported a mild increase in May. United States
Richmond Fed Manufacturing Survey
Jun. 2022: -19
Manufacturing activity in the Richmond Federal Reserve District declined again in June. United States
Conference Board Consumer Confidence
Jun. 2022: 98.7
U.S. consumer confidence declined to a lower-than-expected level in June. United States
Texas Service Sector Outlook Survey
Jun. 2022: 9.4
T United States
Moody’s Analytics Policy Uncertainty Index
June 24: 374.5 4-wk MA
The four-week moving average in our U.S. United States
Oil Inventories
June 17:
South Korea
Consumer Sentiment Index
Jun. 2022:
Japan
Retail Sales
May. 2022:
Australia
Retail Sales
May. 2022:
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