Today's Economy Economic Roundup: Inflation Running at the Fed's Target, for Now The bar is a little high to keep the PCE deflator at 2% over the next couple of months. The Economy.com Podcast: Reflections on U.S. GDP Scott Hoyt and Jeremy Cohn explore details and implications of the latest growth data. Argentina Imports Plummet Peso depreciation helped the country record its first trade surplus since 2016. Brazil Swings to the Right The pro-market and nationalistic candidate won the presidency, and markets are pleased. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Chartbook: GDP Rumbles, Markets Tumble Strong third quarter growth contrasts with a rough week for stocks. Macro Roundup: Bank Indonesia Hits the Pause Button Another rate hike is likely by year's end to shore up local financial markets and the rupiah. Europe Weekly Highlights and Preview, 26 October, 2018 Don't expect too much from the upcoming Bank of England meeting. U.S. Weekly Highlights and Preview, October 26, 2018 Daily stock movements affect the economy less than it may appear from headlines or financial news cable channels. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States Personal Income Sep. 2018: 0.2% Nominal personal income rose by 0.2% in September, less than the upwardly revised 0.4% gain in August. United States PCE Deflator Sep. 2018: 0.1% There is no evidence that inflation is set to noticeably overshoot the Federal Reserve’s objective, therefore the central bank can likely stick to its plan of gradually raising interest rates. United States Personal Spending Sep. 2018: 0.3% Real consumer spending continues to grow at a strong pace as optimistic consumers take advantage of higher disposable income thanks to tax cuts. World Moody's Analytics Survey of Business Confidence October 26: 30.2 The sell-off in global stock markets and the ongoing trade war between the U.S. and China are weighing on global business sentiment. United States Texas Manufacturing Outlook Survey Oct. 2018: 29.4 Texas factory activity remained strong in October. All current component indicators of the survey stayed in positive territory, many by double-digit margins. Japan Employment Situation Sep. 2018: » VIEW MORE ECONOMIC INDICATORS |