| Today's Economy
Economic Roundup: Inside the June U.S. Baseline Forecast There were some revisions to the forecast, but most were fairly modest. LatAm Daily Briefing: Chile’s Domestically Manufactured Deceleration The first-quarter slowdown was necessary to keep the economy healthy in the long run. ECB Preview: The Battle Begins Over Speed of Tightening Lagarde has laid out a timetable for interest rate hikes, though the pace is not set. Europe Daily Briefing: Factory Orders in Germany Slump Orders for cars a continuing sore spot in Germany's economy. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Chartbook: The Sweet Spot The labor market is slowing, but not enough to warrant chatter about an imminent recession. China Paying More at the Pump Discounts of Russian crude to China are relative, not absolute. U.S. Weekly Highlights and Preview, June 6, 2022 May's decline in retail employment is a bit puzzling. Latin America Weekly Highlights and Preview, June 3, 2022 Regional unemployment rates are stabilizing. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
CoreLogic Home Price Index
Apr. 2022: 20.9% y/y
The CoreLogic Home Price Index increased 20.9% year over year in April, registering the same pace of growth as in March before revisions, and hovered at an all-time high. Australia
Monetary Policy
Jun. 2022: 0.85%
The Reserve Bank of Australia surprised markets by hiking the cash rate by 50 basis points to 0.85%. Denmark
Industrial Production
Apr. 2022: 1.3% m/m
Danish industrial production looked past numerous uncertainties for the month of April, posting a 1.3% month-over-month rise from March. Spain
Industrial Production
Apr. 2022: 2.1% m/m
Seasonally and in calendar-adjusted terms, Spain’s industrial production gained 2.1% m/m in April. Taiwan (China)
Consumer Price Index
May. 2022: 3.4% y/y
Taiwan’s headline consumer price index rose 3.4% over the year in May, driven by food inflation. United States
International Trade (FT900)
Apr. 2022: -$87.1 bil
The U.S. nominal trade deficit has been bouncing around recently. Canada
International Merchandise Trade
Apr. 2022: C$1.5 bil
Trade hit a speed bump in April after strong increases during the previous two months. Chile
Foreign Trade
May. 2022: US$851.2 mil
Chile recorded its seventh consecutive trade surplus on the back of still-elevated copper prices and a surge in lithium exports. United States
Moody's Analytics Used Vehicle Price Indexes
May. 2022: 16%
Price gains are showing signs of a slowdown. Canada
Purchasing Managers' Index
May. 2022: 72.0
The Ivey Purchasing Managers' Index pushed higher to 72 in May after a more muted 66.3 in April. United States
Moody’s Analytics Policy Uncertainty Index
June 03: 370.5 4-wk MA
The four-week moving average in our U.S. United States
Consumer Credit (G19)
Apr. 2022: $38.1 bil
The stock of consumer credit outstanding added $38.1 billion in April, slightly more than consensus expectations for a $35 billion gain. Chile
Monetary Policy
Jun. 2022:
South Korea
GDP
2022Q1:
Japan
GDP
2022Q1:
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