Today's Economy Economic Roundup: Familiar Foe A surprise uptick in shelter inflation caused core CPI to come in higher than expected. Inside Economics Podcast: Episode 180—August Jobs: Pretty Good What are the odds now of a recession in the next year? Europe Daily Briefing: U.K. GDP Stalls The British economy saw a second month of no growth. Asia-Pacific Daily Briefing: Hong Kong SMEs Have It Rough Government support may underwhelm given fiscal consolidation goals. » VIEW MORE TODAY'S ECONOMY
Commentary U.S. Risk Matrix: Fed Capture The central bank’s hard-won political independence is crucial when it comes time to make difficult decisions. How Australians Save: The Rise of Offset Accounts Mortgage holders are leveraging offset accounts to slash mortgage costs and navigate rate hikes. U.S. Household Income Rebounded in 2023 The poverty rate dipped, and inequality improved. U.S. Chartbook: A Little Turbulence? Last week's data confirm that the labor market is cooling but solid. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom Monthly GDP Jul. 2024: 0.0% m/m The unchanged reading for U.K. monthly GDP in July—the second month in a row to show no growth—supports our forecast that the economy’s rapid rebound over the first half of 2024 will not be sustained. Portugal Consumer Price Index Aug. 2024: 1.9% The final inflation numbers confirm the initial flash estimate for headline inflation in August. United States MBA Mortgage Applications Survey September 06: 1.4% Mortgage activity is expanding steadily. Mexico Industrial Production Jul. 2024: 2.1% y/y Mexico's national industry surprisingly rebounded in July after showing signs of weakening in the previous months. United States Consumer Price Index Aug. 2024: 0.2% m/m The first inflation datapoint for August came in a touch hotter than expected. United States Quarterly Services Survey 2024Q2: 1.5% q/q In the second quarter, revenue growth in U.S. service industries decelerated after a strong start to the year. United States Oil Inventories September 06: 419.1 mil barrels Oil inventories had a build of 800,000 barrels in the week ended September 6, almost on par with consensus estimates of a 700,000-barrel rise. Russian Federation Consumer Price Index Aug. 2024: 9.05% y/y Russia’s annual inflation rate remained largely unchanged in August, dipping to 9.05% y/y from 9.1% in July, slightly above market forecasts of 9%. Canada RPS House Price Index Aug. 2024: Argentina Consumer Price Index Aug. 2024: 236.7% y/y The statistics office’s national consumer price index increased 4.2% m/m in August after 4% in the previous month and 12.4% a year earlier. » VIEW MORE ECONOMIC INDICATORS |