| Today's Economy
Economic Roundup: Still Blue A key measure of consumer sentiment surprisingly worsened in September. Government Shutdown Unlikely in a Presidential Election Year Our baseline forecast is that Congress passes a stopgap that extends to after the election. Credit Market View: Corporate Default Rebounded Led by the U.S. Distressed exchanges remained elevated in August, but the global default rate will continue to decline in the coming 12 months. LatAm Daily Briefing: A Demographic Time Bomb An aging population and a declining fertility rate are headwinds to long-term productivity. » VIEW MORE TODAY'S ECONOMY
Commentary
Euro Zone Inflation Tracker: Base Effects Rule The gap between oil prices this year and last is going to widen for September and will weigh on the headline inflation rate. U.S. Chartbook: Starting Off Strong The Fed began its easing cycle with a bang, and interest rate cuts should bring a modest boost to the housing market. Germany's Loopy Economy It might be a recession. U.S. Outlook: Presidential Election Jitters With the Federal Reserve 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 are quickly becoming the most serious threat to the economy. » VIEW MORE COMMENTARY
Today's Economic Indicators
Australia
Monetary Policy
Sep. 2024: 4.35%
In line with expectations, the Reserve Bank of Australia held the cash rate steady at 4.35% at its September meeting. United States
Philadelphia Fed Nonmanufacturing Survey
Sep. 2024: 1.5
Service-sector activity expanded in September, albeit at a slower pace than the month before, according to the Philly Fed’s Nonmanufacturing Business Outlook Survey. United States
S&P CoreLogic Case-Shiller® Home Price Indexes
Jul. 2024: 5.0 % y/y
U.S. house price appreciation is moderating. United States
FHFA Purchase-Only House Price Index
Jul. 2024: 4.5% y/y
The Federal Housing Finance Agency Purchase-Only House Price Index is up 4.5% on a year-ago basis in July. United States
Richmond Fed Manufacturing Survey
Sep. 2024: -21
In September, factory activity weakened again in the Fed’s Fifth District, according to the Richmond Fed Manufacturing Survey. United States
Conference Board Consumer Confidence
Sep. 2024: 98.7
Consumer sentiment took a dive in September. South Korea
Consumer Sentiment Index
Sep. 2024:
Australia
Consumer Price Index
Aug. 2024:
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