Today's Economy Economic Roundup: What to Do When Faced With Hobson's Choice? Fiscal policy should err on the side of doing too much now as the risks are high. LatAm Daily Briefing: Colombia's Labor Market Improves The nationwide lockdown has been relaxed, but daily COVID-19 cases rose in the main cities. Europe Daily Briefing: Prospects Aren't Good for Europe The U.K.'s construction PMI ticked higher, suggesting that building is ramping up. Asia-Pacific Daily Briefing: Australia's August Exports Look Better Australia's central bank surprised markets by standing pat in October. » VIEW MORE TODAY'S ECONOMY
Commentary Election 2020: The Tale of the Tape Have Democratic or Republican presidents experienced faster economic growth? U.S. Chartbook: On the Mend The labor market is healing, but progress has slowed as federal stimulus has dried up. Implications of China's Limit to Borrowing Costs The lower rate cap on private lending holds long-term benefits for smaller enterprises. APAC Outlook: Asia Leads Recovery, but Not Forever The question remains whether global demand will continue its steady improvement. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States CoreLogic Home Price Index Aug. 2020: 5.9% The CoreLogic Home Price Index rose 1% in August from the previous month and advanced 5.9% year over year. Australia Monetary Policy Oct. 2020: 0.25% The Reserve Bank of Australia kept its monetary settings unchanged at its October meeting, with the cash rate and the three-year bond yield target remaining at 0.25%. Colombia Consumer Price Index Sep. 2020: 2.0% Colombia’s annual inflation rate accelerated in September because of higher utilities and transport rates. Canada International Merchandise Trade Aug. 2020: C$ -2.4 bil Canada's merchandise trade deficit with the world narrowed from C$2.5 billion to C$2.4 billion in August. On the import side, of the 11 product sections six decreased, causing imports to fall by 1.2%. United States International Trade (FT900) Aug. 2020: -$67.1 bil The U.S. nominal trade deficit widened a hair more than we anticipated in August and net exports will be a drag on growth in the third quarter. United States Moody's Analytics Used Vehicle Price Indexes Sep. 2020: 17.6% Demand for wholesale used vehicles is showing signs of cooling off. Russian Federation Consumer Price Index Sep. 2020: -0.1% Russian inflation continued to pick up in September. United States Job Openings and Labor Turnover Survey Aug. 2020: 4.4% openings rate After climbing sharply in June and July, job openings and hiring flattened out in August, indicative of the slower pace of improvement in the labor market following the first surge after state economies loosened pandemic-related restrictions. Australia Datium Insights - Moody’s Analytics Used Vehicle Price Index Sep. 2020: 29.9% Demand for wholesale used vehicles was red-hot last month. » VIEW MORE ECONOMIC INDICATORS |