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Weekly Economic Perspective

US Personal Spending Resilient, Savings Rate Not so Much

Chief Economist
Investment Strategist

The Economy

  • A blow-out GDP report in the US.
  • BoC on hold.
  • UK private sector’s downturn continues.
  • The ECB on extended hold.
  • Tokyo’s October CPI beats expectations.
  • Q3 CPI reaccelerates in Australia.

Spotlight On Next Week

  • The Fed likely to skip again, but not fully close the door on a December hike.
  • BoE likely to be on hold.
  • The BoJ could tweak the YCC again.
  • Aussie retail sales to decide on a November hike.

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