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Weekly Economic Perspectives - US GDP Growth Cools As Consumption Momentum Wanes

Chief Economist

Weekly Economic Perspectives

  • The Economy
    US growth slows; the Fed is happy with its policy settings. Solid gain in Canada’s November GDP. The UK labor market shows some resilience. European data on growth, inflation, surprises positively. Services employment under renewed pressure in Japan. Australian inflation picks up, still much below target.
  • The Market
    Equity market declines are sizable and broad. Italian bond yields decline on talk of new government avoiding snap election. Risk-off sentiment boosts the dollar. Production cuts continue to support oil prices.