| Today's Economy
Asia-Pacific Daily Briefing: China's Trade Balance Improves The outlook is fraught with risk, mainly because of trade tensions with the U.S. Baa Spread Implies High-Yield Spread Is Atypically Thin If the Baa spread fails to narrow, the high-yield spread is vulnerable to a sudden swelling. Economic Roundup: Little Is Dampening Business Sentiment Trade concerns and volatility in financial markets haven't hurt business confidence. Chile’s Recovery Strengthens Comparison levels and more dynamic activity are the factors behind the strong growth. » VIEW MORE TODAY'S ECONOMY
Commentary
Trump's Iran Oil Sanctions Won't Bite as Much as Obama's Withdrawal from the nuclear deal has already been priced in by traders. Global Outlook: Are Developed Economies Taking a Breather? Base effects ensure growth in most economies, but the U.S. will ease this year. U.S. Chartbook: In the Sweet Spot Unemployment would have to move even lower for the Fed to get overly concerned about labor market overheating. U.S. Weekly Highlights and Preview, May 4, 2018 The Fed sees the U.S. economy as being in the sweet spot. » VIEW MORE COMMENTARY
Today's Economic Indicators
Germany
Industrial Production
Mar. 2018: 1%
German industrial production recovered somewhat at the end of the third quarter, rising 1% m/m following a revised 1.7% drop in February. Taiwan (Province of China)
Consumer Price Index
Apr. 2018: 2.0%
Headline consumer prices in Taiwan increased 2% y/y in April, after ticking up 1.6% in March. United States
NFIB Small Business Survey
Apr. 2018: 104.8
Confidence among U.S. small businesses inched higher in April, keeping it among the highest this cycle. Chile
Consumer Price Index
Apr. 2018: 1.9%
Annual inflation in Chile continues to stay well below the 3% target in an economy in recovery. Canada
Housing Starts
Apr. 2018: 214 ths
The pace of new construction decelerated in April. United States
Job Openings and Labor Turnover Survey
Mar. 2018: 4.2% openings rate
The labor market is running hot. United States
Senior Loan Officer Opinion Survey
2018Q2: -11.3%
A moderate net percentage of banks eased lending standards for commercial and industrial loans to large and medium-size firms in the first quarter, according to the Senior Loan Officer Opinion Survey. » VIEW MORE ECONOMIC INDICATORS | 
