| Today's Economy
Economic Roundup: Brutal Week for Equities, But Fed Won't Flinch Since 1929, there have been 26 bear markets; only 15 coincided with a U.S. economic recession. Canada Weekly: The Kids Are All Right Why aren’t rising wages motivating more young Canadians to join the labor force? U.S. Consumers Are Going Back to Stores The return remains incomplete, according to revised data. Capital Market View: Bear Markets Don't Guarantee Recession Stock markets traditionally bottom when the Fed comes to the rescue, but that may not happen soon. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Road to Recession: Signs of Cooling Some of the recent deterioration in sentiment could be a knee-jerk reaction to what has occurred in financial markets. Latin America Weekly Highlights and Preview, May 20, 2022 Colombia stays red-hot while Chile cools down. Europe Weekly Highlights and Preview, 20 May, 2022 Economies slow across the Continent. Asia-Pacific Weekly Highlights and Preview, 20 May, 2022 Central banks in South Korea, New Zealand and Indonesia will revisit their monetary policy settings. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
Retail Sales
Apr. 2022: 1.4% m/m
U.K. retail sales rose by 1.4% m/m in April, following a decline of 1.2% in March. Switzerland
Industrial Production
2022Q1: 7.9% y/y
Industrial production picked up by 5% q/q, and was higher by 7.9% year over year in the first three months of 2022; growth rates were revised downward in the fourth quarter of 2021 to 0.8% q/q and 7.3% y/y. Strong performance in February saved the quarter, as output was nearly stagnant in January and slumped in March. Canada
New Housing Price Index
Apr. 2022: 9.4% y/y
The new-home price index was up 9.4% from a year earlier in April after March's 11% increase. United States
Regional and State Employment
Apr. 2022:
The April employment report for state and regional economies marked another month of solid growth. United States
Moody’s Analytics & CNN Business Back-to-Normal Index
May 18: 93.4
The U.S. United States
Quarterly Services Survey
2022Q1:
U.S. service industries saw solid revenue growth moderate in the first quarter, as it was up 1.5% (not annualized). » VIEW MORE ECONOMIC INDICATORS | 
