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Weekly Economic Perspectives

US Small Businesses Scale Back Hiring, Compensation Plans

Chief Economist
Investment Strategist

The Economy

  • Elevated US inflation kills prospects for near-term rate cuts.
  • Canadian housing starts rebounds.
  • UK wage growth moderates.
  • The ECB announces new operational framework.
  • Japan averts technical recession.
  • Aussie business conditions improve modestly.

Spotlight On Next Week

  • The Fed to hold both rates and (most likely) rate forecasts.
  • The BoE on hold while UK CPI moderates further.
  • The Bank of Japan to exit negative rates.
  • RBA on hold.

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