Skip to main content
Weekly Economic Perspectives

The Shifting Sands of US Macro Data

Chief Economist
Investment Strategist

The Economy

  • Data revisions show more intense labor cost pressures in the US.
  • The Canadian economy stalled in Q4.
  • UK home prices decline further.
  • Eurozone core inflation catches up to the US.
  • Japan’s Tokyo CPI firmed despite subsidies drag.
  • Aussie GDP slowed in Q4.

Spotlight On Next Week

  • US employment report holds outsized relevance this month.
  • BoC to hold policy rate at 4.5%.
  • BoJ to maintain policy, but we can’t rule out a surprise.
  • The RBA will hike cash rate by 25 bps to 3.6%.

More on Weekly Economic Perspectives