| Today's Economy
Economic Roundup: There Is Much to Digest U.S. labor market data were solid, ISM survey jumps, and trade tensions could spread to Japan. Final Thoughts Ahead of U.S. Employment: Will August Strike Again? We are taking the under on employment. Trade Deals Are More Symbolic Than Substantive Tentative agreements don't justify any change to our forecast for the U.S. U.S. Capital Spending Picks Up There were favorable revisions to core capital goods orders and shipments. » VIEW MORE TODAY'S ECONOMY
Commentary
Global Outlook: Passing the Peak The expansion remains robust, but international politics loom as a key downside risk. U.S. Chartbook: Let’s Make a Trade Deal A revised agreement was inked with Mexico, leaving out Canada, as the trade deficit widens. Italy at a Crossroads Infrastructure poses the gravest test for the new government. U.S. Weekly Highlights and Preview, August 31, 2018 Employment would have to be a disaster for the Fed to waver on a September rate hike. » VIEW MORE COMMENTARY
Today's Economic Indicators
Brazil
Consumer Price Index
Aug. 2018: 4.19%
A United States
Challenger Report
Aug. 2018: 38,472
Announced job cuts increased in August but remain low, consistent with our expectation that the labor market will continue to tighten. United States
ADP National Employment Report
Aug. 2018: 163,000
The labor market shows no signs of stopping. United States
Jobless Claims
September 01: 203,000
The U.S. labor market is on a roll, as initial claims for unemployment insurance benefits declined to levels not seen since the 1960s. Canada
Building Permits
Jul. 2018: -0.1%
The value of building permits declined in July, driven down by lower construction intentions in British Columbia. United States
Productivity and Costs
2018Q2: 2.9%
U.S. productivity growth perked up in the second quarter, and the trend is beginning to firm. United States
Factory Orders (M3)
Jul. 2018: -0.8%
Factory orders fell 0.8% in July after two consecutive monthly gains. United States
ISM Nonmanufacturing Index
Aug. 2018: 58.5
The ISM nonmanufacturing index rebounded in August, rising from 55.7 to 58.5. United States
Natural Gas Storage Report
August 31: 63 bil cubic feet
The rise in natural gas inventories was roughly in line with what analysts were expecting, which will have little effect on prices. United States
Oil Inventories
August 31: 401.5 mil barrels
A larger than expected decline in crude oil inventories will put upward pressure on prices. » VIEW MORE ECONOMIC INDICATORS | 