| Today's Economy
Economic Roundup: Talking About Tapering Talk Minutes show the Fed’s confidence about inflation has waned some and tapering talk will start soon. Removing Tariffs Will Help Homebuilders, but It's Not a Cure-All The Biden administration doesn't seem ready to remove tariffs, but it should. LatAm Daily Briefing: Vaccination Numbers Improve The region continues a fight against time to secure more doses. Capital Market View: Inflation on Bond Market's, Consumers' Minds Short-term inflation expectations are climbing. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. COVID-19 Tracker Update: Data Disappoint Even the red-hot housing market has softened. The U.S. Tax Season Looks Uneventful, for Now Taxpayers are receiving an average refund of $2,863, which is between 3% and 5% higher than the average at comparable points in prior years. Is U.S. in Another House Price Bubble? The last time the market rose so quickly was during the mid-2000s, yet a large price correction is not in the forecast. Global Vaccine Tracker: Pfizer-BioNTech Eligibility Expands Europe’s share of the population inoculated is still lagging that of the U.K. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
Consumer Price Index
Apr. 2021: 1.5% y/y
U.K. Euro Zone
Consumer Price Index
Apr. 2021: 1.6%
The euro zone harmonized index of consumer prices rose by 1.6% y/y in April following a 1.3% rise in March. Austria
Consumer Price Index
Apr. 2021: 1.9%
Overall, prices were essentially flat in April. United States
MBA Mortgage Applications Survey
May 14: 1.2%
Mortgage applications increased 1.2% in the week of May 14 after increasing 2.1% the week before. Canada
Consumer Price Index
Apr. 2021: 3.4%
Prices in Canada are continuing to climb, but by less than the Canadian consumer price index would indicate. United States
Oil Inventories
May 14: 486.0 mil barrels
Last week’s increase in crude oil inventories matched analyst expectations, suggesting that this report should not have too much of an effect on pricing. United States
FOMC Minutes
Apr. 2021:
There were some interesting tidbits in the minutes from the April meeting of the Federal Open Market Committee. Japan
Machinery Orders
Mar. 2021:
Japan
Foreign Trade
Apr. 2021:
Australia
Employment Situation
Apr. 2021:
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