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Weekly Economic Perspectives

Gentle US Inflation Rollover Is Welcome but More Needed

Chief Economist
Investment Strategist

The Economy

  • Finally, some relief on the US inflation front.
  • UK recession begins.
  • Solid cash earnings in Japan.
  • Business conditions moderate in Australia.

Spotlight On Next Week

  • US housing activity remains under pressure.
  • Canadian inflation might have eased.
  • Japanese GDP might surprise positively.
  • Australian wage growth should accelerate.

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