Today's Economy Economic Roundup: U.S. Consumers Less Cheery but Still Buying Homes Consumer confidence fell in October, but pending home sales posted a solid gain in September. Final Thoughts Ahead of Q3 U.S. GDP We look for third-quarter growth of 1.6% annualized. Europe Daily Briefing: December Elections Won't Solve Brexit A victory for the Conservatives would keep the U.K. in limbo. Major Fallen-Angel Downgrade Boosts Third-Quarter Outstandings of High-Yield Bonds A record high for the market value of common stock is not a trustworthy leading indicator of the business cycle. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Credit Outlook: Unsecured Lending Leads Households continue to take on credit despite rising economic uncertainty. U.S. Chartbook: Much Ado About Housing Home sales slipped in September, but the broader trend remains positive. U.S. Weekly Highlights and Preview, October 28, 2019 We expect the Fed to cut rates by 25 basis points. U.S. Employment Outlook: Not Too Cool, Not Too Hot The deceleration in job growth is likely to persist into next year. » VIEW MORE COMMENTARY
Today's Economic Indicators
Spain Retail Sales Sep. 2019: 0.1% Spain’s retail sales continued to rise for a fourth consecutive month in September, increasing 0.1% in seasonally adjusted terms. United States Bankruptcy Filings 2019Q3: 1.6% Personal bankruptcy filings fell on a quarterly basis in the third quarter, following their normal seasonal pattern, but the decrease was slightly smaller than last year despite the strong labor market's support to household finances. United States Industry GDP 2019Q2: 1.64 ppt, SAAR The U.S. economy slowed in the second quarter and fewer industries contributed positively to GDP growth. United States S&P CoreLogic Case-Shiller® Home Price Indexes Aug. 2019: 2.0% House price appreciation held relatively steady in August, with year-ago growth in the 20-city composite index staying flat at 2% compared with the prior month. United States Pending Home Sales Sep. 2019: 108.7 The pending home sales index rose 1.5% to 108.7 in September on a seasonally adjusted basis, fully recouping its July losses and clocking in its highest level since the start of 2019. United States Moody’s Analytics Policy Uncertainty Index October 25: United States Housing Vacancies & Homeownership 2019Q3: 64.8% The homeownership rate increased in the third quarter of 2019, resuming the upward drift that begin in 2016. United States Conference Board Consumer Confidence Oct. 2019: 125.9 The Conference Board’s consumer confidence index fell short of both our and consensus expectations in October. Japan Retail Sales Sep. 2019: Australia Consumer Price Index 2019Q3: » VIEW MORE ECONOMIC INDICATORS |