| Today's Economy
Economic Roundup: Bond Market Taking Matters Into Its Own Hands Recent drop in the 10-year Treasury yield is roughly equivalent to a Fed rate cut. Europe Daily Briefing: French Consumers Will Save the Day Trade war tensions and the global slowdown in growth haven't dented spending. Mexico May Be in Recession There have been two quarterly contractions, based on monthly activity data. Asia-Pacific Daily Briefing: Asia's Exports in a Slower Lane The important tech sector has taken a hit from the U.S.-China trade dispute. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Housing Outlook: In Search of Balance Expect national demand to rise slowly but steadily. U.S. Chartbook: Just a Hiccup The trade war and low housing affordability drove some disappointments. U.S. Weekly Highlights and Preview, May 24, 2019 We look for a downward revision to first-quarter GDP. Europe Weekly Highlights and Preview, 24 May, 2019 Inflation pressures should have eased across most major euro zone economies. » VIEW MORE COMMENTARY
Today's Economic Indicators
World
Moody's Analytics Global HPI
2019Q1: 6.1%
The Moody’s Analytics nominal house price index was up 6.1% on a year-ago basis in the first quarter of 2019, compared with the revised 6.2% gain in the fourth quarter of 2018 (previously 7%). France
Household Consumption Survey
Apr. 2019: 0.8%
France's household goods consumption beat all expectations and rose by a strong 0.8% m/m in April, fully reversing the previous month’s 0.3% fall. France
GDP
2019Q1: 0.3%
Final numbers confirmed that France’s first quarter GDP grew by 0.3% q/q—from an upwardly revised 0.4% in fourth quarter—while yearly growth was revised up to 1.2%, the same as in the previous stanza. Germany
Unemployment
May. 2019: 5.0%
Germany’s seasonally adjusted unemployment unexpectedly rose to 5% in May after it fell to a record low in March. United States
MBA Mortgage Applications Survey
May 24: -3.3%
The top-line market index fell 3.3% in the week of May 24, with downturns in both purchases and refinances. United States
Moody’s Analytics Policy Uncertainty Index
May 24: 126.3
The four-week moving average in our U.S. policy uncertainty index hit 126.3 in the week ended May 24, a touch higher than the prior week’s revised 125.3. United States
Richmond Fed Manufacturing Survey
May. 2019: 5
Manufacturing conditions in the Richmond Federal Reserve District picked up in May, according to the Fifth District Survey of Manufacturing Activity. Canada
Monetary Policy
May. 2019: 1.75%
The Bank of Canada reiterated that the accommodative policy rate remains appropriate. » VIEW MORE ECONOMIC INDICATORS | 
