Latest Macro

Apr 10, 2026 12:49 PM EDT

0 new releases27 series tracked0 commentary articles

Today's Key Release Summary

Consumer Price Index (CPI): 330.29 index | Released April 10 | Period March 2026 | Change +0.87% vs prior
Core Consumer Price Index (Core CPI): 334.17 index | Released April 10 | Period March 2026 | Change +0.20% vs prior
Durable goods orders: $315.88B | Released April 10 | Period February 2026 | Change -1.28% vs prior

Inflation (HEATING UP)

Consumer Price Index (CPI): 330.29 index | Released April 10 | Period March 2026 | Change +0.87% vs prior
Core Consumer Price Index (Core CPI): 334.17 index | Released April 10 | Period March 2026 | Change +0.20% vs prior
Personal Consumption Expenditures Price Index (PCE): 129.45 index | Released April 9 | Period February 2026 | Change +0.38% vs prior
Producer Price Index (PPI): 267.85 index | Released March 18 | Period February 2026 | Change +2.08% vs prior

Labor Market (STABLE)

Non-Farm Payrolls: 158.64M jobs | Released April 3 | Period March 2026 | Change +178K vs prior
Unemployment: 4.30% | Released April 3 | Period March 2026 | Change -0.10 pp vs prior
Initial claims: 219,000 | Released April 9 | Period Week ending April 4 | Change +16,000 vs prior
ADP payrolls: 132.33M jobs | Released April 1 | Period February 2026 | Change +18K vs prior

Growth (ACCELERATING)

Real GDP: $24.06T | Released April 9 | Period Q4 2025 | Change +0.12% vs prior
Nominal GDP: $31.42T | Released April 9 | Period Q4 2025 | Change +1.04% vs prior
Retail sales: $738.37B | Released April 1 | Period February 2026 | Change +0.60% vs prior
Durable goods orders: $315.88B | Released April 10 | Period February 2026 | Change -1.28% vs prior
Industrial production: 102.55 index | Released March 16 | Period February 2026 | Change +0.15% vs prior

Household, Housing & Trade

Personal income: $26.66T | Released April 9 | Period February 2026 | Change -0.07% vs prior
NY Fed 1Y inflation expectations: 3.40% | Released April 13 | Period March 2026 | Change +0.40 pp vs prior
Mortgage applications: -0.80% | Released April 8 | Period Week ending April 3
Trade deficit: $-57.35B | Released April 2 | Period February 2026 | Change -4.88% vs prior

Manufacturing & Regional Surveys

ISM manufacturing PMI: 52.70 index | Released April 1 | Period March 2026 | Change +0.30 pts vs prior
ISM services PMI: 54.00 index | Released April 6 | Period March 2026 | Change -2.10 pts vs prior
Chicago PMI: 52.80 index | Released March 31 | Period March 2026 | Change -4.90 pts vs prior
Industrial production: 102.55 index | Released March 16 | Period February 2026 | Change +0.15% vs prior
Durable goods orders: $315.88B | Released April 10 | Period February 2026 | Change -1.28% vs prior
Factory orders: $619.61B | Released April 10 | Period February 2026 | Change +0.04% vs prior
Empire State manufacturing: -0.20 index | Released March 16 | Period March 2026 | Change -7.30 pts vs prior
Philly Fed manufacturing: 18.10 index | Released March 19 | Period March 2026 | Change +1.80 pts vs prior
Dallas Fed manufacturing: -0.20 index | Released March 30 | Period March 2026 | Change -0.40 pts vs prior

Global Economies

- Euro Area
GDP y/y: 1.2% (Q4 2025) | CPI y/y: 2.5% (Mar 2026) | Unemp: 6.2% (Feb 2026) | Conf: -16.3 pts (Mar 2026) | Trade: -1.87 EURB (Jan 2026)

- China
GDP y/y: 4.5% (Q4 2025) | CPI y/y: 1% (Mar 2026) | Unemp: 5.3% (Feb 2026) | Conf: 90.6 pts (Jan 2026) | Trade: 90.98 USDB (Feb 2026)

- Japan
GDP y/y: 0.1% (Q4 2025) | CPI y/y: 1.3% (Feb 2026) | Unemp: 2.6% (Feb 2026) | Conf: 33.3 pts (Mar 2026) | Trade: 57.27 JPYB (Feb 2026)

- India
GDP y/y: 7.8% (Q4 2025) | CPI y/y: 3.21% (Feb 2026) | Unemp: 4.9% (Feb 2026) | Conf: 96.5 pts (Jul 2025) | Trade: -27.1 USDB (Feb 2026)

- United Kingdom
GDP y/y: 1% (Q4 2025) | CPI y/y: 3% (Feb 2026) | Unemp: 5.2% (Jan 2026) | Conf: -21 pts (Mar 2026) | Trade: 3.92 GBPB (Jan 2026)

- Brazil
GDP y/y: 1.8% (Q4 2025) | CPI y/y: 4.14% (Mar 2026) | Unemp: 5.8% (Feb 2026) | Conf: 43.8 pts (Q4 2020, stale) | Trade: 6.4 USDB (Mar 2026)

- Australia
GDP y/y: 2.6% (Q4 2025) | CPI y/y: 3.7% (Feb 2026) | Unemp: 4.3% (Feb 2026) | Conf: 91.6 pts (Mar 2026) | Trade: 5.69 AUDB (Feb 2026)

- Canada
GDP y/y: 0.7% (Q4 2025) | CPI y/y: 1.8% (Feb 2026) | Unemp: 6.7% (Mar 2026) | Conf: 49.4 pts (Mar 2026) | Trade: -5.74 CADB (Feb 2026)

- South Korea
GDP y/y: 1.6% (Q4 2025) | CPI y/y: 2.2% (Mar 2026) | Unemp: 2.9% (Feb 2026) | Conf: 107 pts (Mar 2026) | Trade: 25.74 USDB (Mar 2026)

- Mexico
GDP y/y: 1.8% (Q4 2025) | CPI y/y: 4.59% (Mar 2026) | Unemp: 2.6% (Feb 2026) | Conf: 44.1 pts (Mar 2026) | Trade: -463 USDM (Feb 2026)

- Switzerland
GDP y/y: 0.8% (Q4 2025) | CPI y/y: 0.3% (Mar 2026) | Unemp: 3.1% (Mar 2026) | Conf: -43 pts (Mar 2026) | Trade: 4.45 CHFB (Feb 2026)

Fed Policy Implication (HOLD)

Horizon: Next Fed meeting through the next 1-3 months
- The Fed is likely to maintain a hold stance amid sticky inflation (CPI up 0.87%, NY Fed 1Y expectations rising to 3.4%) and firm labor data, but cautious monitoring continues due to global slowdown signals and volatile manufacturing activity, with policy decisions pending clearer signals over the next 1-3 months.

Overall Economic Trajectory (MIXED)

U.S. inflation remains elevated with CPI and Core CPI rising in March, while labor market stability and accelerating real GDP growth signal resilience. However, mixed global growth and soft manufacturing indicators like Empire State and Chicago PMI declines introduce caution, aligning with the 'MIXED' overall assessment.
Global economies: Inflation is mixed across the 11-economy scoreboard, growth is soft across 8/11 major economies, and trade balances remain split between surplus and deficit.

Key Risks & Things to Watch

Tuesday, April 14: Producer Price Index
Wednesday, April 15: Empire State Manufacturing Survey
Thursday, April 16: G.17 Industrial Production and Capacity Utilization
Thursday, April 16: Manufacturing Business Outlook Survey
Thursday, April 16: Unemployment Insurance Weekly Claims Report
Monday, April 13: NY Fed 1Y Inflation Expectations
Wednesday, April 15: MBA Mortgage Applications