US Consumers' Inflation Expectations Normalize

The Economy

• Disinflation boosts US consumer sentiment.
• Canada’s CPI ticks back up.
• UK’s retail sales plunge.
• Eurozone disinflation pauses.
• Japan’s underlying inflation remained strong.
• Aussie full-time employment registers largest decline outside Covid.

Spotlight On Next Week

• BoC to pushback on cuts.
• ECB to hold policy, emphasize data dependence.
• BoJ to hold policy, but look for hints on exit.