| Today's Economy
Economic Roundup: In for Another Big Job Gain The U.S. economy likely added 270,000 jobs in April. LatAm Daily Briefing: Mexico Rides the Political Cycle Roller Coaster Election-related spending causes the economy to fluctuate wildly. Final Thoughts Ahead of April U.S. Employment We look for the economy to have added 270,000 jobs, on net. Europe Daily Briefing: Trouble in the Indian Ocean Houthi attacks have extended beyond the Red Sea. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Inflation Tracker: PCE Looks Better Than CPI The graceful disinflation experienced in 2023 did not persist in the first quarter of 2024. U.S. Treasury Signals Steady Debt Issuance The department estimates that it will need to borrow $243 billion from April to June, bringing the total for fiscal 2024 to $1.84 trillion. Euro Zone Inflation Pauses Its Descent Year-over-year headline inflation was nearly unchanged from March, prompting speculation that disinflation is stalling, but we don't see it that way. U.S. Election Tracker: What It Will Take To distract from the legal drama and win over independents, the Trump campaign is working to make the election a referendum on Biden. » VIEW MORE COMMENTARY
Today's Economic Indicators
Indonesia
Consumer Price Index
Apr. 2024: 3.0% y/y
Indonesia’s headline CPI held at 3% in April, slightly lower than our and consensus forecasts. Switzerland
Consumer Price Index
Apr. 2024: 1.4%
Switzerland’s CPI inflation rate accelerated to 1.4% year over year in April from 1% in March. Hong Kong SAR (China)
GDP
2024Q1: 2.7% y/y
Hong Kong has started off 2024 on solid footing. United States
Challenger Report
Apr. 2024: 64,789
U.S.-based employers announced 64,789 job cuts in April, down 28% from the prior month. United States
Jobless Claims
April 27: 208,000
U.S. initial claims for unemployment insurance are rock solid. Chile
Monthly Economic Activity Indicator
Mar. 2024: 0.8% y/y
Chile’s economic activity moderated in March because of Easter week. United States
Productivity and Costs
2024Q1: 0.3%, q/q, SAAR
U.S. labor productivity increased 0.3% annualized in the first quarter, according to the Bureau of Labor Statistics’ initial estimate. United States
International Trade (FT900)
Mar. 2024: -$69.4 bil
The $69.4 billion U.S. trade deficit in March was essentially unchanged from February's upwardly revised figure. Canada
International Merchandise Trade
Mar. 2024: -C$ 2.28 bil
In March, Canada's merchandise exports declined 5.3%, while imports fell by 1.2%. United States
Factory Orders (M3)
Mar. 2024: 1.6% m/m
In March, U.S. factory orders rose 1.6%, in line with consensus expectations but stronger than our call for a 1.1% gain. United States
St. Louis Fed Financial Stress Index
April 26: -0.84
U.S. financial stress decreased in the week ended April 26, with the St. United States
Monthly GDP
Mar. 2024: 0.0% m/m
According to the Moody’s Analytics monthly estimate, real GDP cooled in the final month of the first quarter. United States
Natural Gas Storage Report
April 26: 59 bil cubic feet
Last week’s build in natural gas storage was close to what analysts were expecting, so this report will not have much of an effect on markets. United States
Vehicle Sales - BEA
Apr. 2024: 15.7 mil, SAAR
U.S. new light-vehicle sales maintained a steady pace in April, registering at 15.7 million SAAR. » VIEW MORE ECONOMIC INDICATORS | 
