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Weekly Economic Perspective

US Inflation Target Not in Hand, but in Sight

Chief Economist
Investment Strategist

The Economy

  • Markets price out the final Fed hike following good inflation data.
  • Canadian home sales slides further.
  • UK Inflation declines sharply.
  • Eurozone industrial production weakens.
  • Japan’s GDP contracts in Q3.
  • Aussie labor market continued to cool in October.

Spotlight On Next Week

  • Global manufacturing contraction to continue.
  • Canadian inflation likely to ease further.
  • Inflation in Japan may have accelerated.

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