| Today's Economy
Economic Roundup: Lower Gasoline Prices, Higher U.S. Consumer Confidence While confidence edged higher, it still remains low. Canada Weekly: Messed Mixages We evaluate some upside and downside risks of Trudeau's recent cost-of-living support package. Geopolitical Risk Calendar: EU Tries to Ease Energy-Price Pain The bloc plans to tax energy companies to subsidise sky-high prices. U.S. Supply-Chain Stress Index Update Early indications from component data suggest further improvement is en route. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Risk Matrix: A Narrow Path to the Target The Federal Reserve has the difficult task of trying to tame inflation without pushing the economy into a recession. Euro Zone Inflation Report, Cont’d Prices set a record at 9.1% y/y growth in August, but there are reasons for cautious optimism. Latin America Weekly Highlights and Preview, September 16, 2022 Colombia begins an expansion while Argentina’s inflation keeps ascending. Japan Risk Matrix: Recovery Takes Shape It would be premature to declare that the country is out of the woods. » VIEW MORE COMMENTARY
Today's Economic Indicators
United Kingdom
Retail Sales
Aug. 2022: -1.6% m/m
U.K. retail sales volumes plunged by 1.6% m/m in August, following an upwardly revised 0.4% in July. Austria
Consumer Price Index
Aug. 2022: 9.3% y/y
Austria's year-on-year inflation rate for August was confirmed at 9.3%, just above the preliminary flash estimate of 9.1%. Italy
Consumer Price Index
Aug. 2022: 8.4% y/y
In August, Italian consumer price inflation accelerated to 8.4% year over year from 7.9% previously—the highest value since December 1985. Euro Zone
Consumer Price Index
Aug. 2022: 9.1% y/y
The euro zone’s HICP inflation rate was confirmed at 9.1% year on year this August, up from 8.9% in July. Russian Federation
Monetary Policy
Sep. 2022: 7.5%
At its scheduled September meeting, the Central Bank of Russia cut its benchmark interest rate by 50 basis points to 7.5%, following a 150-basis point cut to 8% in July. Canada
Housing Starts
Aug. 2022: 267 ths
Canada's residential construction data for August came in weaker than in July. Canada
Wholesale Trade
Jul. 2022: -0.6% m/m
Decreased demand caused total wholesale sales to retreat in July. Canada
International Transactions in Securities
Jul. 2022: C$ 14.8 bil
After notable divestments in June stemming from rising rates, both foreign investment in Canadian securities and Canadian securities increased. United States
Moody’s Analytics & CNN Business Back-to-Normal Index
September 14: 89.6
The Moody’s Analytics Back-to-Normal Index dipped from a revised 90.7 last week to 89.6 in the week ended September 14. United States
University of Michigan Consumer Sentiment Survey
Sep. 2022: 59.5
U.S. consumer sentiment continues to move slowly higher from its historic low hit in June, according to the University of Michigan. United States
Regional and State Employment
Aug. 2022:
The August employment report for state and regional economies cooled from its hot performance in July. Uruguay
GDP
2022Q2: 7.7% y/y
The Uruguayan economy grew 7.7% in the second quarter supported by a robust increase in exports and a boost from consumer and government spending. United States
Treasury International Capital Flows
Jul. 2022: $21.4 bil
Net long-term capital flows moderated in July, with net inflows totaling $21.4 billion after registering inflows of $121.8 billion in June. » VIEW MORE ECONOMIC INDICATORS | 
