| Today's Economy
Economic Roundup: December Rate Hike No Longer a Slam Dunk The Fed is worried it could be on the wrong side of the transitory inflation bet. No Middle Ground for Spain and Catalonia The region held off on declaring independence, but markets won't rally for long. Probability Increases for a NAFTA Breakup The U.S. is making conditions tough for Mexico and Canada to accept. U.K. Growth Won’t Rebound in Q3 Hard data point to GDP rising by 0.3%, the same pace as the first and second quarters. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Consumer Outlook: Lack of Pricing Power to Hurt Holiday Sales Rampant retail deflation will keep growth near last year’s levels. U.S. Hurricane Season's Housing Market Arithmetic Temporary supply-side effects will push up prices and reduce sales, most noticeably in Houston. U.S. Macro Outlook: An Unpalatable Tax Plan Even accounting for benefits, the proposal would add significantly to budget deficits and the debt load. U.S. Chartbook: Grain of Salt Recommended September job numbers don’t alter our view of labor market strength and high odds for a December rate hike. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain
Consumer Price Index
Sep. 2017: 1.8%
Spain’s headline CPI accelerated to 1.8% y/y in September from 1.6% in the previous month. Taiwan
Foreign Trade
Sep. 2017: US$6,688.3 mil
Taiwan's exports surged 28.1% y/y in September, up from 12.7% y/y in August. United States
MBA Mortgage Applications Survey
October 06: -2.1%
Mortgage applications fell again last week, as most interest rates continued to rise. Brazil
Retail Sales Index
Aug. 2017: 3.6%
Household consumption continued to advance gradually but steadily in August. United States
Job Openings and Labor Turnover Survey
Aug. 2017: 4.0% openings rate
Recent weakness in the labor market as seen in payroll employment stems from hurricanes, the inability to fill positions, and calendar effects. The fundamentals remain healthy. United States
California Manufacturing Survey
2017Q4: 64.9
The California Composite Index, measuring overall manufacturing activity, increased from 61 in the third quarter of 2017 to 64.9 in the fourth quarter. United States
FOMC Minutes
Sep. 2017:
The minutes from the September meeting of the Federal Open Market Committee showed a lively debate about whether the recent weakness in inflation is attributed to transitory or more persistent factors. United States
Tech Pulse
Sep. 2017: 82.4
September proved to be another good month for the tech sector. Australia
Housing Finance
Aug. 2017:
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