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Weekly Economic Perspectives

Easing US Wage Inflation With Strong Payrolls Is Great Combo

Chief Economist
Investment Strategist

The Economy

  • Fed downshifts to smaller hike and ponders extent of further tightening.
  • Canadian building permits drop.
  • The BoE hikes 50 bp but signals end is near.
  • The ECB hikes 50 bp and promises more.
  • Japan’s labor market remains tight.
  • Retail sales retreat in Australia.

Spotlight On Next Week

  • UK economy may have avoided a contraction in Q4.
  • Softer labor market data likely in Canada.
  • The RBA seen hiking by 25 bps.

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