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Weekly Economic Perspectives

US Growth Resilience With Disinflation = Soft Landing?

Investment Strategist
Chief Economist

The Economy

  • The Fed’s July hike looks like the last in this cycle as disinflation broadens and deepens.
  • Services drive Canadian GDP in May.
  • Further loss of momentum in the UK economy.
  • The ECB hikes again but opens the door to the idea that they might have done enough.
  • The BoJ adjusts the YCC policy.
  • Aussie inflation below expectations.

Spotlight On Next Week

  • US unemployment rate seen unchanged as employment gains remain robust.
  • The BoE likely to deliver another rate hike.
  • Japan’s consumer confidence to jump.
  • Consensus expects the RBA to hike, but we think it will hold.

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