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Weekly Economic Perspectives

Leading Indicators of US Inflation Suggest More Relief Ahead

Chief Economist
Investment Strategist

The Economy

  • US inflation in welcome retreat.
  • Canadian building approvals surprise to the upside.
  • UK GDP more resilient than expected. Eurozone industrial production improves.
  • Rise in Tokyo inflation fuels speculation of another BoJ policy adjustment.
  • Building approvals plunge in Australia.

Spotlight On Next Week

  • US retail sales seen declining.
  • UK labor market still resilient.
  • BoJ to maintain the status quo and raise inflation forecasts.
  • Aussie employment gains may moderate.

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