Today's Economy Economic Roundup: Too Good to Be True? Vehicle sales and ISM nonmanufacturing survey surge in September. Mixed Messages in U.S. Employment Data Recent hurricanes appear to have weighed on the labor market in September. Venezuela Inflation Soars The annual rate will top 1,000% by year's end. September Vehicle Sales Boost Q3 U.S. GDP Tracking Estimate Hurricanes and aggressive incentives significantly raised sales. » VIEW MORE TODAY'S ECONOMY
Commentary Global Outlook: What a Synchronous World A widespread economic upswing is gaining momentum, but there are risks on the horizon. The Views of Potential Fed Chair Candidates Ideological influences on the U.S. central bank are inevitable; so are policy mistakes. U.S. Chartbook: Harvey and Irma Make Waves Fed Chair Janet Yellen appeared comfortable pushing forward with gradual rate hikes. U.S. Weekly Highlights and Preview, September 29, 2017 Hurricanes likely hurt the labor market in September. » VIEW MORE COMMENTARY
Today's Economic Indicators
Euro Zone Retail Sales Aug. 2017: -0.5% Retail sales in the euro zone fell by 0.5% m/m in August, building on a 0.3% decline in July, slightly more than our expectations of -0.4%. United States MBA Mortgage Applications Survey September 29: -0.4% Mortgage applications fell again last week, as most interest rates crept up. India Monetary Policy Oct. 2017: 6.00% India's recent uptick in inflation has caused the Reserve Bank of India to keep a neutral stance with rates unchanged. United States ADP National Employment Report Sep. 2017: 135,000 The labor market continues to expand at a steady pace, but recent major hurricanes impacting the U.S. are dampening payrolls. United States ISM Nonmanufacturing Index Sep. 2017: 59.8 The ISM nonmanufacturing survey’s composite jumped in September, rising from 55.3 to 59.8. United States Oil Inventories September 29: 465.0 mil barrels A much larger than expected drop in crude oil inventories will put upward pressure on oil prices. Uruguay Consumer Price Index Sep. 2017: 5.8% Consumer prices registered a larger than expected gain in September, with annual growth clocking in at 5.8% compared with 5.5% in August. Australia Foreign Trade Aug. 2017: Australia Retail Sales Aug. 2017: » VIEW MORE ECONOMIC INDICATORS |