Today's Economy Economic Consequences of Closing the U.S.-Mexico Border The main cost would be borne by cross-border businesses. Q4 U.S. GDP Tracking Estimate Slips Wednesday's data were unfavorable, and the economy has lost a step. Powell Totally Redeems Himself Comments by the Fed chair were more a correction than a dovish shift. Europe Daily Briefing: France Stands Out in the Third Quarter Household consumption, net trade and investment all revved up the economy. » VIEW MORE TODAY'S ECONOMY
Commentary Asia’s Household Debt a Rising Pressure Point Concern grows as central banks begin scaling back stimulus, exposing borrowers to higher costs. Challenges for Mexico’s New Government Higher growth with stability is necessary to improve social well-being. U.S. State and Local Outlook: As Good as It Gets? Tax revenues have strengthened, but the pressures of Medicaid spending will not let up. U.S. Chartbook: Fed Tightening Is Supposed to Hurt It will be painful, particularly for interest-rate-sensitive segments of the economy, including housing. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States MBA Mortgage Applications Survey November 23: 5.5% M United States GDP 2018Q3: 3.5% U.S. United States Advance Wholesale and Retail Inventories Oct. 2018: 0.7% The inventory build started the fourth quarter on a strong footing. United States International Trade in Goods - Advanced Oct. 2018: -$77.2 bil The nominal goods deficit swelled to $77.2 billion in October, according to the advance report. World Moody's Analytics Global HPI 2018Q3: 6.7% The Moody’s Analytics nominal house price index increased 6.7% on a year-ago basis in the third quarter, compared with the 6.3% gain in the second quarter. United States New-Home Sales Oct. 2018: 544,000 New-home sales took a tumble in October, coming in at 8.9% below revised September totals, and are now 12% below their October 2017 level. United States Richmond Fed Manufacturing Survey Nov. 2018: 14 Manufacturing conditions in the Richmond Federal Reserve district decelerated in November, according to the Fifth District Survey of Manufacturing Activity. United States Oil Inventories November 23: 450.5 mil barrels The increase in crude oil inventories was much higher than industry analysts expected, which will put downward pressure on prices. Japan Retail Sales Oct. 2018: » VIEW MORE ECONOMIC INDICATORS |