| Today's Economy
Economic Roundup: European Central Bank Moves Again As we wait for a likely first rate cut from the Fed next week, the ECB cuts for a second time. The Harris vs. Trump Debate Will Not Move the Needle The presidential race remains extraordinarily tight. LatAm Daily Briefing: Mexico’s Outlook Turns Cloudier After the election-related expansion, the economy’s prospects look darker for the rest of 2024. Europe Daily Briefing: ECB Delivers a Second Cut The central bank will remain data-dependent regarding an October interest rate reduction. » VIEW MORE TODAY'S ECONOMY
Commentary
A Look at Food Prices and Potential Price Gouging What is behind still-high U.S. grocery prices? 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 Rebounds for 2023 The poverty rate dipped, and inequality improved. » VIEW MORE COMMENTARY
Today's Economic Indicators
Sweden
Consumer Price Index
Aug. 2024: 1.9% y/y
Sweden’s CPI inflation rate slowed to 1.9% year over year in August from 2.6% in July. Euro Zone
Monetary Policy
Sep. 2024: 3.65%
As widely expected, the European Central Bank cut interest rates again at its September meeting. Ireland
Consumer Price Index
Aug. 2024: 1.7% y/y
Ireland’s consumer price inflation fell to 1.7% in August, marking the first time headline inflation has dipped below 2% since June 2021. Spain
Consumer Price Index
Aug. 2024: 2.3% y/y
In August, Spain's consumer price index rose 2.3% year over year after a 2.8% gain in July. Brazil
Retail Sales Index
Jul. 2024: 4.4% y/y
Household consumption in Brazil advanced in July at a more moderate pace after a significant rebound previously. India
Industrial Production
Jul. 2024: 4.8% y/y
India's industrial production index rose 4.8% in July from a year earlier and marked a slight acceleration from June's revised growth rate of 4.7% year over year (4.2% unrevised). Canada
Building Permits
Jul. 2024: 22.1% m/m
The total value of building permits in Canada surged 22.1% to $12.4 billion in July, rebounding from two consecutive monthly declines. World
Moody's Analytics Global CPI
Aug. 2024: 4.1% y/y
The Moody’s Analytics measure of global CPI inflation came in at 4.1% y/y in August, down from 5% in July. India
Consumer Price Index
Aug. 2024: 3.65% y/y
India’s CPI inflation rate grew to 3.65% y/y in August from 3.54% in July. United States
Jobless Claims
September 07: 230,000
U.S. initial claims for unemployment insurance are holding steady. United States
Producer Price Index
Aug. 2024: 0.2% m/m
The U.S. producer price index for final demand rose 0.2% in August, a touch stronger than expected. United States
St. Louis Fed Financial Stress Index
September 06: -0.38
U.S. financial market stress rose to -0.38 in the week ended September 6, according to the St. United States
Natural Gas Storage Report
September 06: 40 bil cubic feet
Gas stocks rose by less than analysts predicted last week, which put some upward pressure on prices. United States
Financial Accounts - Households
2024Q2: $163.8 tril
U.S. household wealth continues to climb upward. United States
Financial Accounts - Nonfinancial Corporate
2024Q2: $32.49 tril
Nonfinancial corporate wealth rose again in the second quarter. United States
Treasury Budget
Aug. 2024: -$380.1 bil
With no major tax due dates in August, the Treasury budget recorded a deficit of $380.08 billion. Uruguay
Industrial Production
Jul. 2024: 2.1% y/y
The paper fabrication industry continues to be Uruguay's major driver of manufacturing. Uruguay
GDP
2024Q2: 3.8% y/y
Consistent with our projections, Uruguay's economy showed stronger performance in the second quarter of 2024, recording a 3.8% year-over-year growth. » VIEW MORE ECONOMIC INDICATORS | 