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Weekly Economic Perspectives

Moderation in US Wage Inflation Is Key Labor Market Trend

Chief Economist
Investment Strategist

The Economy

  • Puzzlingly strong US employment report. 
  • Canadian wage growth remains robust. 
  • UK private sector activity hurt by lower consumer demand.
  • Italian unemployment drops to multi-year low.
  • Japanese wage inflation moderates on decline in bonuses, but underlying trend solid.
  • The RBA holds rates but remains watchful.

Our latest market commentary assesses whether the Fed's overconfidence in the soft-landing scenario could turn soft landing itself into something far less benign. Learn More.

Spotlight On Next Week

  • US CPI inflation seen inching lower.
  • UK Industrial production likely to weaken further.

More on Weekly Market Update