| Today's Economy
Economic Roundup: Canada's CPI Hits All the Right Notes Top-line inflation cooled to 2.7% following a 0.2% monthly gain. Europe Daily Briefing: Trade in the Balance Given the unusual decline in euro zone imports in the first quarter, there will likely be stronger growth in imports as they rebound in the second. LatAm Daily Briefing: Flooding in Brazil Inflation might accelerate in coming weeks due to the disruption in food supply. Asia-Pacific Daily Briefing: Australia's Central Bank Considered a Rate Hike Recent data have confirmed that holding steady on rates was the right call. » VIEW MORE TODAY'S ECONOMY
Commentary
Harmonizing the Fed's Preferred Inflation Measure A new way to look at U.S. inflation should calm nerves. U.S. Bankruptcy Filings Will Rise The two biggest weights on household finances at present are high and rising prices and high interest rates that are driving up the cost of borrowing. Progress Toward a Balanced U.S. Housing Market Stalls Homeowners feel locked into lower-rate mortgages, and for-sale inventories are about half those of a healthy market. Global Outlook: Approaching the Dawn of Rate Cuts The coming, much-awaited easing in monetary policy rates will boost growth in the latter half of the year and into 2025. » VIEW MORE COMMENTARY
Today's Economic Indicators
Norway
GDP
2024Q1: 0.2% m/m
Norwegian GDP increased 0.2% q/q and 1.1% y/y in the first quarter of the year. Euro Zone
External Trade
Mar. 2024: €24.1 bil
The euro zone’s not seasonally adjusted, nominal trade balance reached a surplus of €24.1 billion in March 2024, up from €19.1 billion in March 2023, as the value of exports fell at a slower pace than that of imports. Canada
Consumer Price Index
Apr. 2024: 2.7% y/y
The latest April CPI data hit all the right notes. United States
Philadelphia Fed Nonmanufacturing Survey
May. 2024: 7.3
Though at a slower clip in May than April, service sector activity in the Federal Reserve’s Third District continues to expand. Japan
Machinery Orders
Mar. 2024:
Japan
Foreign Trade
Apr. 2024:
New Zealand
Monetary Policy
May. 2024:
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