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Weekly Economic Perspectives

Softening US Data Warrants Cautious Fed Approach

The May Fed meeting was less hawkish than feared. Rate hikes aren’t imminent despite delayed inflation progress. Weak labor market indicators persist despite some improvement, evident in April’s softer employment report and disappointing ISM surveys.

Chief Economist
Investment Strategist

Easing Wage Inflation Is Key US Labor Market Trend

Spotlight On Next Week

  • Bank of England to be on hold.
  • Japan’s wages to be watched closely.
  • Reserve Bank of Australia to be on hold, but watch out for dovish green shoots.

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