| Today's Economy
Economic Roundup: Fed Has a New Buzzword The central bank uses 'symmetric' to warn markets not to panic if inflation overshoots 2%. Second Quarter GDP Tracking Is Under Way The initial estimate is for U.S. growth of 2.9% at an annual rate. Europe Daily Briefing: Slowdown Confirmed in the Euro Zone The figures weren't as bad as we had feared, and the trend is still solid. Stronger Dollar Would Tame Inflation Weaker than expected auto sales and a stronger dollar exchange rate portend effective price discounting on new models. » VIEW MORE TODAY'S ECONOMY
Commentary
China Outlook: Managing Financial Risks The government maintains a stable policy while clamping down on financial risks. U.S. Chartbook: Behind the Economy's First Quarter Pullback Transitory and statistical factors weighed on growth, but fundamentals are sound. New Technologies Unlikely to Spur 1990s-Like Growth The absence of a sustained rise in the U.S. potential growth rate increases the odds of overheating. The North Korea Threat Abates The April summit between the North and South is progress, but be skeptical. » VIEW MORE COMMENTARY
Today's Economic Indicators
Japan
Consumer Confidence
Apr. 2018: 43.6
Japan's consumer confidence slipped in April after holding up relatively well in the first quarter. Italy
Unemployment
Mar. 2018: 11.0%
Italy’s unemployment rate was virtually unchanged in March at 11%. Euro Zone
Preliminary GDP
2018Q1: 0.4%
GDP growth in the euro zone slowed to 0.4% q/q in the first quarter, matching the consensus, though some good news came from the fact that the previous stanza’s expansion was revised up to 0.7%, from 0.6%. Euro Zone
Unemployment
Mar. 2018: 8.5%
In line with our expectations, the euro zone’s jobless rate remained steady at 8.5% in March, its joint-lowest reading since the end of 2008. United States
MBA Mortgage Applications Survey
April 27: -2.5%
Mortgage applications were down again last week as interest rates climbed. Peru
Consumer Price Index
Apr. 2018: 0.5%
The consumer price index for the Lima metropolitan area fell 0.1% in April, keeping annual inflation unchanged at 0.5%. United States
ADP National Employment Report
Apr. 2018: 204,000
The labor market is steady as she goes. United States
ISM - NY Report
Apr. 2018: 64.3
New York City has enjoyed a solid to start to spring, but some caution is beginning to creep into purchasing managers’ expectations. United States
Oil Inventories
April 27: 436.0 mil barrels
A much larger than expected build in crude oil inventories will apply downward pressure on oil prices. Brazil
Foreign Trade
Apr. 2018: US$6.14 bil
Brazil’s trade surplus narrowed to $6.1 billion in April as both exports and imports edged down from the prior month. United States
FOMC Monetary Policy
May. 2018: 1.50 - 1.75%
Slow and steady remains the Federal Open Market Committee’s mantra. Australia
Foreign Trade
Mar. 2018:
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