Weekly Economic Perspectives

Intense Cyclical Headwinds but No Structural Crisis in US Housing


Chief Economist
Investment Strategist
Economist

The Economy

  • US housing activity slows again.
  • Canadian inflation eases from peak but UK inflation does not.
  • German producer price inflation makes new high.
  • Household spending lifts Japanese growth.
  • Wage inflation ticks higher in Australia.

Spotlight On Next Week

  • US personal spending growth seen slowing.
  • Contraction in eurozone manufacturing activity likely deepened.

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