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Weekly Economic Perspective

US Unemployment Rate Bottoming Out Gently but Surely

Chief Economist
Investment Strategist

The Economy

  • Soft payrolls report likely to turn Fed’s November skip into the end of tightening cycle.
  • Canadian unemployment rises.
  • The BoE on hold.
  • Eurozone disinflation now in full force.
  • The BoJ tweaks YCC.
  • Aussie retail sales best expectations.

Spotlight On Next Week

  • UK Q3 GDP may contract marginally.
  • Nominal wages may reaccelerate in Japan.
  • The RBA will likely hike, but there is a small chance of a surprise.

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