| Today's Economy
Brakes on for Egypt's Inflation Price growth in the country has slowed substantially, but the reasons are not clear cut. For Chile and Peru, a Fleeting Rebound The third quarter growth spurt will fade as mining output snaps back to trend. Retail Sales and Business Inventories Cut Into Q3 GDP Growth in the latest quarter is now on track to rise 1.5% at an annualized rate. Europe Daily Briefing: Don't Expect More Easing Yet Euro zone and U.K. inflation were tepid in September. » VIEW MORE TODAY'S ECONOMY
Commentary
Strong U.S. Economy Helps Balance Spending High-income households dominate, but the strong labor market supports lower-income spending. Analysis: Vice President Biden's Student Loan Plan It would ease the financial pressure on borrowers and support stronger economic growth. Our 2020 Presidential Election Models Early signs point to Trump, though turnout is key. U.S. Energy Spending Up for 2018 A sharp collapse of oil prices at the end of the year has kept 2019 spending lower. » VIEW MORE COMMENTARY
Today's Economic Indicators
World
Moody's Analytics Global GDP
2019Q2: 2.6%
South Korea
Monetary Policy
Oct. 2019: 1.25%
The Bank of Korea cut its policy rate by 25 basis points at its October meeting, bringing the benchmark rate to 1.25%. United Kingdom
Consumer Price Index
Sep. 2019: 1.7%
The U.K.’s CPI inflation remained unchanged in September at 1.7% y/y, coming in below expectations. Italy
Consumer Price Index
Sep. 2019: 0.2%
Italy's EU-harmonized inflation cooled to 0.2% y/y in September from 0.5% in August, slightly below preliminary estimates. Euro Zone
Consumer Price Index
Sep. 2019: 0.8%
Final numbers showed that euro zone inflation eased to 0.8% y/y in September from 1% in August. Euro Zone
External Trade
Aug. 2019: €14.7 bil
The euro zone’s external trade surplus grew to €14.7 billion in August 2019, from €11.9 billion in August 2018. United States
MBA Mortgage Applications Survey
October 11: 0.5%
Mortgage applications rose a subdued 0.5% during the week of October 11, with the refinance index ticking up while the purchase index contracted. Canada
Consumer Price Index
Sep. 2019: 1.9%
Consumer price inflation fell short of consensus expectations as gasoline prices remained well below their year-ago level. Canada
International Transactions in Securities
Aug. 2019: C$5.0 bil
International transactions in August generated the first net inflow of funds into the Canadian economy since May. United States
Retail Sales
Sep. 2019: -0.3%
Retail sales disappointed in September on broad-based weakness. Peru
Unemployment
Sep. 2019: 5.8%
The jobless rate in the Lima metropolitan area continued to fall in the July-August-September reference period, but for the wrong reason: Just as many unemployed workers quit the labor force as were hired. Russian Federation
Industrial Production
Sep. 2019: 3%
Russian industrial production held relatively steady in September. United States
NAHB Housing Market Index
Oct. 2019: 71
Homebuilder sentiment edged up 3 basis points to 71 in October. United States
Monthly GDP
Sep. 2019: -0.25%
Monthly U.S. United States
Business Inventories (MTIS)
Aug. 2019: 0.0%
The inventory build is taking a breather. United States
Median usual weekly earnings
2019Q3: 3.6%
The tightening in the U.S. labor market is putting some upward pressure on nominal wage growth but not enough to signal any heightened risk of overheating or to alter either our, or the Fed’s, view of domestic inflationary dynamics. Singapore
Foreign Trade
Sep. 2019:
United States
Beige Book
Oct. 2019:
The Federal Reserve’s October Beige Book, tracking economic progress from late-August through early-October, indicates that the U.S. economy grew at a slight-to-modest tempo during the reporting period. Argentina
Consumer Price Index
Sep. 2019: 53.5%
The statistics office’s national consumer price index increased 5.9% in September, up from 4% in the previous month but down from 6.5% a year earlier. United States
Treasury International Capital Flows
Aug. 2019: -$41.1 bil
Net long-term capital flows decreased for the first time in five months in August. Australia
Employment Situation
Sep. 2019:
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