| Today's Economy
Economic Roundup: BoJ and BoE Hit Snooze Japan's central bank hints it could act in October as the VAT increase takes effect. Is the U.S. Immune to Negative Interest Rates? The Fed is unlikely to set the fed funds rate below zero, but the 10-year may not be immune. Europe Daily Briefing: Bank of England Is Clearly in a Bind A no-deal Brexit would likely prompt rate cuts, while a deal would keep rates on hold. Colombia's Unemployment Rate Rises The labor market has deteriorated despite accelerating economic growth. » VIEW MORE TODAY'S ECONOMY
Commentary
Macro Roundup: China’s August Health Check China's September quarter has been a letdown. Plumbing Clogged in Repo Markets Bad timing and technical issues are likely to blame rather than a crisis of confidence. U.S. Chartbook: Keep Calm and Shop On Consumers' pocketbooks stay open in the face of rising headwinds. After Attack in Saudi Arabia, Code Red The attack on the Saudi oil infrastructure brings Saudi Arabia, Iran and the U.S. to the brink. » VIEW MORE COMMENTARY
Today's Economic Indicators
Japan
Monetary Policy
Sep. 2019: ¥80 tril.
The Bank of Japan left its monetary policy unchanged at the September meeting. United Kingdom
Retail Sales
Aug. 2019: 2.7%
In line with expectations, U.K. retail sales cooled to 2.7% y/y in August after a 3.4% rise in July and falling further below the previous-year average of 3.7%. Indonesia
Monetary Policy
Sep. 2019: 5.25%
Bank Indonesia surprised with a 25-basis point reduction in the policy rate to 5.25%. Uruguay
GDP
2019Q2: 0.1%
Uruguay’s economy recovered some ground in the second quarter of 2019. United Kingdom
Monetary Policy and Minutes
Sep. 2019: 0.75%
It was no surprise that the Bank of England’s Monetary Policy Committee unanimously voted to leave interest rates unchanged at 0.75% in September. Canada
ADP Canada National Employment Report
Aug. 2019: 49,272
Canada's labor market continues to power on, according to the new ADP Canada National Employment Report. United States
Current Account
2019Q2: -$128.2 bil
The current account deficit narrowed in the second quarter, falling to $128.2 billion from a revised $136.2 billion. United States
Jobless Claims
September 14: 208,000
Initial claims for unemployment insurance benefits should continue to ease recession concerns. United States
Philadelphia Fed Survey
Sep. 2019: 12.0
The Philadelphia Fed’s manufacturing outlook survey worsened in September, recording a second consecutive decline. United States
Existing-Home Sales
Aug. 2019: 5.49 mil
Existing-home sales increased modestly in August. United States
St. Louis Fed Financial Stress Index
September 13: -1.31
Financial market stress decreased in the week ended September 13, the fourth straight weekly decline. United States
Conference Board Leading Indicators
Aug. 2019: 0.0%
The outlook for the U.S. economy is holding steady. United States
Natural Gas Storage Report
September 13: 84 bil cubic feet
The increase in natural gas inventories was above analyst expectations, which will have a negative impact on prices. Argentina
GDP
2019Q2: 0.6%
Argentina's economy expanded 0.6% y/y in the second quarter, after a 5.8% y/y decline in the previous quarter. Argentina
Employment Situation
2019Q2: 10.6% Unemployment
According to the labor market survey by the National Institute of Statistics and Censuses, Argentina's unemployment rate averaged 10.6% in the second quarter, compared with 9.6% a year earlier (figures are not seasonally adjusted). » VIEW MORE ECONOMIC INDICATORS | 
