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Weekly Economic Perspectives: Slow Moderation in US Wage Inflation

Chief Economist
Investment Strategist

The Economy

  • A decent employment report in the US.
  • Canada’s unemployment rate hits new record low.
  • UK service activity slows.
  • Mixed German industrial data.
  • Japanese household spending declines.
  • The RBA hikes 50 bp.

Spotlight On Next Week

  • Headline US inflation poised to rise further.
  • The BoC might decide to hike at least 50 bps next week.

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