Economy.com: Daily Update
| Monday, September 23, 2024 |
| Today's Economy
Does the Yield Curve's Dis-Inversion Spell Trouble? Like its initial inversion, the yield curve’s latest gyrations are unlikely to forerun a U.S. recession. A Sign of the Times for Germany Recent headlines about Volkswagen and Intel reflect the country's economic struggles. Europe Daily Briefing: PMI Pullback Readings slumped this month and not just in France. Asia-Pacific Daily Briefing: Headline Inflation Cools in Singapore and Malaysia Core inflation proves harder to tame. » VIEW MORE TODAY'S ECONOMY
Commentary
Germany's Loopy Economy It might be a recession. U.S. Outlook: Presidential Election Jitters With the Federal Reserve now on a path to normalizing interest rates, concerns that rates will remain too high for too long are abating; the presidential election and its aftermath is quickly becoming the most serious threat to the economy. APAC Outlook: Two Steps Forward, One Step Back The Asia-Pacific economy is outperforming globally, but it still has its troubles. U.S. Weekly Highlights and Preview, September 20, 2024 We expect the year-over-year PCE deflator for August to be 2.25%, down from 2.5% in July. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia
Consumer Price Index
Aug. 2024: 1.9% y/y
Malaysia’s headline inflation rate eased to 1.9% y/y in August from 2% in July. Netherlands
GDP
2024Q2: 1.0% q/q
The final estimate for Dutch real GDP in the second quarter showed an expansion of 1% quarter over quarter—consistent with preliminary estimates posted in August. Singapore
Consumer Price Index
Aug. 2024: 2.2% y/y
Inflation in Singapore came in mixed in August. Mexico
Economic Activity Index
Jul. 2024: 3.8% y/y
Mexico's economic activity saw positive momentum in July, following an annual decline in the prior month, driven primarily by agricultural production. Mexico
Retail & Wholesale Sales
Jul. 2024: -0.6% y/y
Household consumption continued to fall in July in year-on-year terms, although at a more moderate rate following the wind-down of government spending in the runup to the June elections. Canada
New Housing Price Index
Aug. 2024: 0.0% y/y
The national housing price index remained unchanged in August. United States
Chicago Fed National Activity Index
Aug. 2024: 0.12
The Chicago Fed National Activity Index improved in August, showing the U.S. economy still has juice. World
Moody's Analytics Survey of Business Confidence
September 20: 27.3
Global businesses are upbeat. » VIEW MORE ECONOMIC INDICATORS |
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