| Today's Economy
Economic Roundup: Fed Aiming for 2%-ish Central bank will stomach a modest and temporary inflation overshoot. Are U.S. Airfares About to Take Flight? Limited pricing power is keeping fares low, for now. U.S. New-Home Sales Fail to Meet Expectations April sales dropped and annual revisions dinged the first quarter. Europe Daily Briefing: A U.K. August Hike Remains on the Table We don't think the Bank of England will give up its window of opportunity. » VIEW MORE TODAY'S ECONOMY
Commentary
Australia Outlook: Moving Up to Cruising Speed The underlying growth engine has improved; GDP is expected to rise 3.1% in 2018. U.S. Consumer Outlook: Income Growth Accelerates, Then Slips Spending growth will follow income growth. U.S. Chartbook: Consumers Emerge From Funk While Manufacturing Is on a Roll Q1 GDP is tracking 2.2% while Q2 is at 3.1%. U.S.-China Trade Tensions Ease The more controversial and complex sticking points between the two nations remain unaddressed. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
Consumer Price Index
Apr. 2018: 2.4%
U.K. inflation eased to 2.4% in April, from 2.5% in March, in line with the Bank of England's and our expectations. United States
MBA Mortgage Applications Survey
May 18: -2.6%
Mortgage applications fell yet again last week, as all mortgage rates increased. Mexico
Economic Activity Index
Mar. 2018: -0.8%
Economic activity reported a mild contraction in March as the Easter celebration reduced the number of working days in the month. Mexico
GDP
2018Q1: 1.3%
Mexico's annual growth decelerated in the first quarter as the Easter celebration subtracted a few working days in March. United States
New-Home Sales
Apr. 2018: 662,000
New single-family home sales came in slightly below expectations in April. United States
Oil Inventories
May 18: 438.1 mil barrels
A surprise build in crude oil inventories will weigh down oil prices. United States
FOMC Minutes
May. 2018:
The minutes from the Federal Open Market Committee’s May meeting stated the obvious: A rate hike in June is very likely. New Zealand
Foreign Trade
Apr. 2018:
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