Moody’s Upgrades Argentina to B3 From Caa1, Changes Outlook to Positive From Stable
The decision reflects assumptions the country’s default risk declined, given that macroeconomic stabilization advanced beyond the initial adjustment phase, the
Economics
ADP Says June Private Sector Hiring Grew Slightly Below Expectations
Private companies added a net 98,000 jobs in June after adding 122,000 jobs in May, ADP said, compared with economists’
German Investor Confidence Climbs
Investor confidence improved more than expected this month, helped by better sentiment in industries hit by the war in Iran
U.K. Unemployment Holds Steady
Unemployment was unchanged while wage growth was flat in the three months through May, adding to expectations that the BOE
New Zealand Central Bank Governor Has Time to Balance a Tricky Economy
Economists suggest the Reserve Bank of New Zealand can afford to move cautiously, balancing the needs of an economy ripe
Trump imposes additional 50% tariffs on certain Canadian goods
Measure applies to goods including wine, though energy and parts of other sectors are exempt. Source link
Canada Inflation Cools to 2.8% in June as Gasoline Decelerates
The consumer-price index fell 0.4% in June, representing the steepest decline in 18 months and cooling the annual rate 0.4
U.S. Leading Indicators Ticked Down in June
The Conference Board’s Leading Economic Index slid by 0.2% on weakening consumer spending following increases in May and April. Source
For the past month, soccer fans at home and from abroad opened their wallets and boosted spending in World Cup host cities across the U.S.
As fears of a bust fizzled, venues including Philadelphia and Kansas City see increases in tourism. Source link
The Bureau of Economic Analysis is altering how it measures several components of an inflation gauge watched by the Fed
The Bureau of Economic Analysis is altering how it measures several components of a price gauge watched by the Fed.