| Today's Economy
Inverted Yield Curves Favor Lower Short- and Long-Term Interest Rates One Year Later Fed funds target is 64% likely to be reduced by May 2020. Webinar Replay: Trade War Update Will Trump push too far? Europe Daily Briefing: Brexit Ride Gets Even Wilder Inflation in the U.K. should hover around the 2% target in coming months. Asia-Pacific Daily Briefing: China’s Rare Earths Are a Potent Weapon Beijing has previously used its global control of rare earth processing to inflict pain. » VIEW MORE TODAY'S ECONOMY
Commentary
Middle East Outlook: Bracing for Turbulence The region's economies should steadily grow, but the risks are mounting. Chile Outlook: Converging to Potential A healthy moderation is on its way after an overexpansion. Risks of Rising U.S. Corporate Debt There are good reasons the think CLOs won't be catalysts of the next recession. U.S. Chartbook: And Then There Were Tariffs Souring trade relations loom over a healthy, if softening U.S. economy. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
Moody's CMBS Delinquency Tracker
Apr. 2019: 3.53%
The Moody’s Delinquency Tracker total delinquency rate declined 10 basis points to 3.53% in April. United Kingdom
Consumer Price Index
Apr. 2019: 2.1%
The U.K.’s CPI inflation accelerated to 2.1% y/y in April, from 1.9% in March. United States
MBA Mortgage Applications Survey
May 17: 2.4%
The top-line mortgage index rose 2.4% in the week ended May 17, as the fall in purchases was outweighed by the rise in refinancing. Canada
Retail Trade
Mar. 2019: 1.1%
Canadian retail sales rose for the second consecutive month by a very healthy 1.1% to C$51.3 billion in March. Mexico
Retail & Wholesale Sales
Mar. 2019: 1.6%
Retail sales in Mexico advanced further in March, supported by the annual comparison base. Russian Federation
Industrial Production
Apr. 2019: 4.9%
Russian industrial production picked back up in April, rising 4.9% year over year, its strongest growth rate since May 2017. United States
Moody’s Analytics Policy Uncertainty Index
May 17: 126.8
The four-week moving average in our U.S. policy uncertainty index hit 126.8 in the week ended May 17, and there were some downward revisions to prior weeks. United States
Oil Inventories
May 17: 476.8 mil barrels
A surprise increase in U.S. oil inventories will put downward pressure on oil prices. United States
FOMC Minutes
May. 2019:
The minutes of the latest Federal Open Market Committee meeting don’t alter our view that the central bank is on hold for the foreseeable future, and that the bar for an "insurance" rate cut remains high. Argentina
Economic Activity Indicator
Mar. 2019: -6.8%
The Argentina statistics office’s monthly economic activity index fell 6.8% y/y in March after dropping 4.7% in the previous month. » VIEW MORE ECONOMIC INDICATORS | 
