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Weekly Economic Perspectives

US Unemployment Measures Are Gently Bottoming Out

Chief Economist
Investment Strategist

The Economy

  • US unemployment rate ticks higher amid lots of data noise. 
  • BoC remains on hold.
  • UK services sector expands.
  • Pipelike wage pressures keep ECB on hold despite lower inflation forecasts. 
  • Record shunto raise demanded in Japan.
  • Aussie economy cools as expected.

Spotlight On Next Week

  • Little progress on US inflation in February.
  • UK wage growth to decelerate. 
  • Japan’s Q4 GDP to be revised effectively letting it escape a technical recession.

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