Today's Economy Economic Roundup: OPEC Strikes a Deal The oil cartel agrees to first production cut since 2008; the effects on prices should be modest. First U.S. Presidential Debate Won’t Change the Election Odds Much Post-debate momentum usually reverses some after a few days. OPEC Meeting Sparks False Hopes A production freeze remains unlikely. Lingering Weakness in U.S. Capital Spending Durable goods orders were better than expected in August, but the details were soft. » VIEW MORE TODAY'S ECONOMY
Commentary Spain Outlook: Political Stress Will Slow Near-Term Growth The country will remain a star performer in the euro zone. A More Promising Road to GSE Reform: Why It Leads to a Government Corporation Merging Fannie and Freddie in this way offers structural reform for housing finance with as little disruption as possible. U.S. State and Local Outlook: The Pension Threat Unfunded post-employment benefits are the largest impediment to long-term budget stability. U.S. Chartbook: Supply Constraints Handcuff Housing Insufficient labor and low inventories limit housing activity, while the Fed stays put. » VIEW MORE COMMENTARY
Today's Economic Indicators
France Consumer Confidence Sep. 2016: 97 Weak economic conditions are weighing on sentiment in France. Italy Consumer and Business Confidence Sep. 2016: 101.9 Italy's stagnation is showing no signs of abating. United States MBA Mortgage Applications Survey September 23: -0.7% Mortgage applications fell again last week, despite a downward movement in mortgage rates. United States State Personal Income 2016Q2: 1.0% State personal income growth accelerated in the second quarter to 1% from a revised 0.3% to begin 2016. United States Durable Goods (Advance) Aug. 2016: 0.0% New orders for durable manufactured goods remained flat in August, a better showing than the consensus forecast for a 1.5% decline. Mexico Employment Situation Aug. 2016: 4.0% Unemployment Unemployment remained high in August as the seasonal vacation increased the amount of job seekers. United States Oil Inventories September 23: 502.7 mil barrels A surprise drop in crude oil inventories will support higher oil prices. Thailand Industrial Production Aug. 2016: South Korea Consumer Sentiment Index Sep. 2016: Japan Retail Sales Aug. 2016: » VIEW MORE ECONOMIC INDICATORS |