Weekly Economic Perspectives

Despite US August Inflation Surprise, Disinflation Lies Ahead


Chief Economist
Investment Strategist
Economist

The Economy

  • An upside US inflation surprise roils markets.
  • UK inflation still extremely high.
  • Canada’s housing market moderates further.
  • Eurozone industrial production drops.
  • The yen weakens further.
  • Aussie labor market still strong.

Spotlight On Next Week

  • The FOMC is primed for a third 75 bp hike.
  • BoE might deliver another 50bps hike.
  • The BoJ will likely stay pat.

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