| Today's Economy
Economic Roundup: Watching for Signs of a Weakening U.S. Labor Market We expect 180,000 jobs were added in February, but uncertainty will rise. Europe Daily Briefing: Reactive and Agile The European Central Bank lowered interest rates by 25 basis points at its March meeting. Final Thoughts Ahead of February U.S. Employment We look for the economy to have added 180,000 jobs in February. Asia-Pacific Daily Briefing: South Korean Inflation Cools to 2% y/y. We expect at least one more rate cut this year. » VIEW MORE TODAY'S ECONOMY
Commentary
Shutdown or Budget? The U.S. Congress once again finds itself pushing against a shutdown deadline, and the probability of a misstep has increased. Federal Government Support to Lift Farm Incomes The USDA's initial farm income forecast for 2025 paints a complex picture of U.S. agriculture. Mexico and the Trump Tariff Endgame Trump looks for Mexico and Canada to get tougher on China. Latin America Risks Monetary Policy Error Decisions based on the output gap may lead central banks astray. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia
Monetary policy
Mar. 2025: 3%
As expected, Bank Negara Malaysia held its overnight policy rate at 3% at its March meeting. Euro Zone
Retail Sales
Jan. 2025: -0.3% m/m
The euro zone’s retail sales fell 0.3% month on month in January, following no change in December. Ireland
GDP
2024Q4: 3.6% q/q
GDP growth in Ireland in the final quarter of 2024 surprised on the upside. United States
Challenger Report
Feb. 2025: 172,017
U.S.-based employers announced 172,017 job cuts in February. United States
Jobless Claims
March 01: 221,000
U.S. initial claims for unemployment insurance posted a surprising improvement as new filings fell to 221,000 in the week ended March 1, down from an unrevised 242,000 in the prior week. United States
Productivity and Costs
2024Q4: 1.5%, q/q, SAAR
U.S. labor productivity increased 1.5% annualized in the fourth quarter, according to the Bureau of Labor Statistics’ second estimate. United States
International Trade (FT900)
Jan. 2025: -$131.4 bil
A huge increase in imports of industrial supplies drove the U.S. trade deficit in January to $131.4 billion, up $33.3 billion from December's (revised) $98.1 billion and nearly double the size of the January deficit one year earlier. Canada
International Merchandise Trade
Jan. 2025: C$ 3.97 bil
In January, Canada's merchandise exports increased 5.5% while imports pushed higher by 2.3%. Euro Zone
Monetary Policy
Mar. 2025: 2.65%
The European Central Bank’s decision to cut rates again by 25 basis points was widely expected. United States
Moody's Analytics Beige Book Index
Mar. 2025: 36.1
The Moody’s Analytics Beige Book Index rose slightly in March to 36.1, up from 30.6 in the last report. Canada
Purchasing Managers' Index
Feb. 2025: 55.3
In February, the Ivey Purchasing Managers’ Index bounced back, jumping from 47.1 to 55.3. United States
Wholesale Trade (MWTR)
Jan. 2025: 0.8% m/m
Wholesale inventories increased by 0.8% in January after a 0.4% decline in December. United States
St. Louis Fed Financial Stress Index
February 28: -0.45
The St. United States
Natural Gas Storage Report
February 28: -80 bil cubic feet
Last week’s decline in natural gas inventories fell short of analyst predictions, which could push down on prices slightly. Philippines
Industrial Production
Jan. 2025:
China
Foreign Trade
Jan. 2025:
Thailand
Consumer Price Index
Feb. 2025:
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