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Weekly Economic Perspectives

Moderation in US Average Hourly Earnings Inflation Continues

Chief Economist
Investment Strategist

The Economy

  • A soft-landish jobs report in the US.
  • Canada’s labor market impresses again.
  • UK mortgage approvals plunge.
  • Eurozone inflation cools.
  • Wage gains miss expectations in Japan.

Spotlight On Next Week

  • Inflation seen retreating sharply in the US.
  • Japan’s Tokyo CPI seen closing in on 4.0%.
  • Australian retail sales to improve.

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