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Weekly Economic Perspective

More Cash Sales, Longer Sale Cycle for US Existing Homes

Chief Economist
Investment Strategist

The Economy

  • Hawkish Fed speak outweighs second-longest contraction ever in US leading index.
  • Canadian inflation eases noticeably.
  • Persistent resilience in UK services activity.
  • German manufacturing takes another downturn.
  • Japanese data still on the weak side. 
  • Aussie wages grew as expected.

Spotlight On Next Week

  • US PCE inflation to ease marginally.
  • Japan’s CPI will raise concerns, but retail sales may pick up.
  • Aussie CPI & retail sales to continue easing.

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