Today's Economy Economic Roundup: Last Peek at September Employment The data so far suggest that the U.S. labor market is chugging along. Europe Daily Briefing: Brexit Hits U.K. Construction Hard All hopes rest with the services sector, but it too may have contracted in September. Next Recession May Lower 10-Year Treasury Yield to 0.5%-to-1% Range The implied probability of cutting fed funds midpoint to 1.625% in October jumped to a likely 64.7%. Asia-Pacific Daily Briefing: Japan's Consumers Are Down in the Dumps Consumer confidence slumped in September, ahead of the 1 October tax hike. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Chartbook: Still Standing The U.S. consumer remains vital to the expansion but may be getting weary. U.S. Weekly Highlights and Preview, September 30, 2019 The ISM manufacturing survey should edge higher in September. Vietnam Outlook: Tiptoeing Toward the Winner's Circle Despite risks to the downside, the country will remain one of the world's fastest-growing economies. U.S. Federal Outlook: Multipliers and the Next Recession Brief White House consideration of a payroll tax cut revived debate about the efficacy of various cuts. » VIEW MORE COMMENTARY
Today's Economic Indicators
Russian Federation GDP 2019Q2: 0.9% Russia's second-quarter GDP grew by 0.9%, slightly above market consensus and up from the first quarter's 0.5%. Japan Consumer Confidence Sep. 2019: 35.6 Japan’s consumer confidence index, seasonally adjusted, slid to 35.6 in September, down by 1.5 points from August. United States MBA Mortgage Applications Survey September 27: 8.1% Mortgage applications rose 8.1% over the week of September 27, with the refinance and purchase indexes both moving up. United States ADP National Employment Report Sep. 2019: 135,000 The labor market continues to expand, albeit at a more moderate pace. United States ISM - NY Report Sep. 2019: 42.8 The New York City economy may be starting to lose its grip, based on the September ISM-New York Report on Business. United States Oil Inventories September 27: 422.6 mil barrels A larger than expected build in oil inventories will put downward pressure on oil prices. China Manufacturing PMI Sep. 2019: Australia Foreign Trade Aug. 2019: » VIEW MORE ECONOMIC INDICATORS |